There are still differences between the long and short of the aluminum market, and it is mainly wait-and-see for the time being

On the macro front, the minutes of the Fed's April meeting, released in the early hours of Wednesday, said that the Fed could raise interest rates
at its June meeting if future data shows continued improvement in the US economy.
After the release of the minutes, the market's expectation of a sharp increase in the probability of a rate hike in June rose sharply, from 19% before the release of the minutes to 34%.

The yuan traded at 6.
5531 yuan against the dollar, the lowest since
Feb.
1.

In terms of the market, the average domestic spot trading price is between
12460-12500 yuan / ton.
Intraday spot aluminum fell slightly, and holders were eager to exchange cash and ship actively, but the willingness of middlemen and downstream to receive goods was cold, and it was more difficult for holders to ship, and the overall transaction was cold
.

In terms of industry, a report released by the World Bureau of Metal Statistics (WBMS) on Wednesday showed that the global primary aluminum market was slightly oversupplied by 48,000 tons
from January to March this year.
According to Zhuochuang data monitoring, from January to April 2016, the domestic real estate aluminum consumption (including the monthly renovation of old houses) was about 5.
441 million tons, an increase of 6.
6%
over the same period last year.

On the whole, Shanghai Aluminum has been adjusted for two consecutive days, and the main position transfer activity in the market is obvious
.
Spot prices fell, while downstream did not actively stock up, and as the arrival time of previously resumed manufacturers approached, the attitude of stockholders to support prices gradually softened
.
In the short term, there are still differences between Shanghai aluminum long and short, and investors are advised to wait
and see.