The strength and weakness of the colored plate are differentiated, and the power of Shanghai aluminum rushing high is insufficient

In the external market, domestic and foreign inventories have fallen to support the rebound of aluminum prices, Lun aluminum rose slightly, and the upper support focused on $
2400.
At 15:33 Beijing time, the LME 3-month aluminum was $2,317, up $7 from the previous session
.

In terms of the market, Shanghai aluminum maintained a pullback trend after the lack of strength, and spot aluminum prices also fell slightly, but the discount remained stable, the shipments of cargo holders were stable, the market circulation was more abundant, the downstream demand was relatively stable, and the main purchase was maintained
.
Shanghai transaction concentration 14710 ~ 14720 yuan / ton, the current month discount 30 ~ 20 yuan / ton, the next month contract discount of about 110 yuan / ton, the price difference between the current month and the next month slightly widened, Wuxi transaction concentration 14710 ~ 14720 yuan / ton, Hangzhou transaction concentration 14740 ~ 14760 yuan / ton
.
Holders are actively shipped, the discount is narrowed, the middleman is not suitable for value preservation, wait and see, downstream enterprises purchase according to just needs, and the overall transaction is slightly worse
.

The transaction volume of Guangdong spot market is concentrated at 14790~14810 yuan / ton, and the price difference between Guangdong and Shanghai remains around
80 yuan / ton.
Local spot inventories continued to decline, Guangdong public warehouse aluminum ingot inventory of 271,000 tons, down 13,000 tons from last Thursday, so the enthusiasm of holders to ship is average, the market can circulate limited supply, middlemen are actively trading, downstream to maintain on-demand procurement, the overall transaction of the Guangdong market is better than usual Monday
.

In terms of inventory, the aluminum warehouse receipt of the previous period was 797901 tons, an increase of 5099 tons
from the previous trading day.
As of June 11, LME aluminium stocks fell by 6,250 tonnes to 1168975 tonnes
.

On the macro front, the national consumer price index (CPI) and industrial producer price index (PPI) data released by the National Bureau of Statistics in May 2018 showed that the CPI fell by 0.
2% month-on-month and increased by 1.
8% year-on-year; PPI rose 0.
4% month-on-month and 4.
1%
year-on-year.
Inflation this year may be higher than last year, and the news is bearish
.
Abroad, the dollar has risen steadily since mid-April, buoyed by rising U.
S.
Treasury yields and solid economic data, with gains receding
this week.
There will be a lot of big things happening
in June.
Expected interest rate hikes by the US Federal Reserve, policy meetings by the European Central Bank, and a vote on the Brexit proposal are major events that could pose risks to currency traders and could cause market volatility
.

On the whole, the US dollar index continued to be weak, positive aluminum prices, Shanghai Stock Exchange aluminum inventory increased, bearish aluminum prices
.
Technically, the daily K-line is supported by the 5-day moving average, the KDJ indicator extends downward, and it is expected that the main force of Shanghai aluminum 1808 oscillation operation, the operating range is 14700--15200, for reference
only.