The spot market is difficult to change the decline of Shanghai aluminum rise met with resistance

Today, Lun aluminum fluctuated in a narrow range to the downside, and the LME was reported at $2,766 / ton at 15:01 Beijing time for three months, down $23, or 0.
81%,
from the settlement price of the previous trading day.

Today's Shanghai aluminum shock weakened, the domestic market in the policy and the epidemic improvement has eased, and aluminum inventory continues to be in a historical position to provide strong support for aluminum prices, but overseas is still in the interest rate hike cycle, and the spot market is difficult to change the decline, to the aluminum price rise height to play a certain resistance, short-term Shanghai aluminum is still in the range shock
.

Today's spot trading price of Yangtze River is 20800-208840 yuan / ton, down 10 yuan, discount 70-discount 30; Guangdong spot 20750-20810 yuan / ton, flat, discount 120-discount 60; Hua reported 20850-20890 yuan / ton, down 20 yuan
.
The spot market is still weak, and the holders adjust their prices and shipments, but they still rarely ask for attention, and the receivers only replenish a small amount of low-priced goods, and the overall trading atmosphere is declining
.

Overall, the increase in sanctions against Russia by Europe and the United States has increased supply shortage concerns, one of the EU sanctions policy on Russian oil has landed, coupled with the recovery of crude oil demand in East Asia, coupled with the decline in U.
S.
oil inventories, multiple factors have boosted oil prices to a high level again, providing strong support for rising metal prices, but domestic terminal consumption is still dragged down by real estate, and the supply side continues to grow with rising production, but internal and external inventories are low, supply concerns still exist, aluminum prices maintain range shocks, and aluminum is expected to fall slightly
。