Weak fundamentals cannot support the strengthening of aluminum prices in the short term

Today's Shanghai aluminum main month 2208 contract, opening 18045 yuan / ton, the highest intraday 18195 yuan / ton, the lowest 17805 yuan / ton, settlement 17890 yuan / ton, the end closed at 17945 yuan / ton, up 55 yuan, or 0.
31%.

Today's Lun aluminum V-shaped shock, LME three-month Beijing time at 15:01 at 2424 US dollars / ton, up 2 US dollars, or 0.
08%,
from the previous trading day's settlement price.

Today's Shanghai aluminum low rebound, macro negative factors have been digested, European energy shortage and electricity prices soared, giving aluminum prices some support, but aluminum fundamentals are weak can not support aluminum prices strengthened, short-term aluminum prices return to the cost line near the opening of shock finishing mode, Shanghai aluminum main contract recorded a slight close.

In terms of the market, today's spot trading price of Yangtze River is 17820-17860 yuan / ton, down 40 yuan, discount 25-liter 15; Guangdong spot 17730-17790 yuan / ton, down 60 yuan, discount 115-discount 55; Hua reported 17870-17910 yuan / ton, down 40 yuan
.
Today's spot market performance is still flat, with a stalemate between up and down, and receivers just need to purchase, and the transaction is not satisfactory
.

At present, due to the shortage of high temperature and high pressure power in some parts of China, the supply side has reduced load production, the downstream procurement sentiment has improved, the enthusiasm for receiving goods has increased compared with before, and the social inventory has maintained decomposition, superimposed on macro sentiment repair, giving aluminum prices a degree of support, now aluminum or rising
.