crouchingtigerhiddendragonnetflix| Yangtze River Nonferrous Metals: China's real estate policies continue to boost market confidence and stabilize aluminum may rise on the 21st

Yangtze River aluminum price alucrouchingtigerhiddendragonnetflix.ccmncrouchingtigerhiddendragonnetflix.cn short reviewcrouchingtigerhiddendragonnetflix: Strong motivation for speculators and funds to go long offsets the hawkish influence of the FedcrouchingtigerhiddendragonnetflixLen Aluminum closed up 0.21% overnight; Yunnan resumed production steadily and supply pressure increased slightly. However, China's real estate policies continued to boost market confidence and stabilize aluminum may rise today.

[Aluminum Futures Market]: Federal Reserve officials made hawkish remarks, and the yields of the US dollar and US bond rebounded, putting pressure on LME aluminum prices and causing a temporary intraday decline. However, the strong motivation of speculators and funds to go long offsets the Fed's hawkish influence. After falling from its high overnight, it fluctuated and consolidated. At the end of the day, it was under pressure and closed at Xiaoyang. The latest closing price was US$2627/ton, closing up US$6, or 0.21%. The trading volume increased by 5110 lots in 22001, and the position of 650242 lots decreased by 4524 lots. In the evening, Shanghai aluminum opened lower and then fluctuated weakly. At the end of the session, it closed down weakly. The latest closing price of the main monthly 2407 contract was 21040 yuan/ton, down 40 yuan, or 0.19%.

On May 18, the London Metal Exchange (LME) reported 1,092,800 metric tons, a decrease of 475 metric tons from the previous trading day, or 0.04%.

Changjiang Aluminum News: On May 20, the spot aluminum price, Changjiang Comprehensive Spot A00 aluminum ingot price was reported at 20855 yuan/ton, up 140 yuan; Chinalco East China A00 aluminum ingot price was reported at 20860 yuan/ton, up 140 yuan. Yunnan's production of production is steadily advancing, and the current production capacity has reached 760,000 tons. With the arrival of the wet season in June, the production impact of Yunnan aluminum companies due to power rationing is expected to be relatively limited, which may lead to a slight increase in supply pressure on Shanghai Aluminum, thus exerting a certain suppression effect on aluminum prices. However, China's real estate policies continue to boost market confidence. At the same time, the recent trend of aluminum prices has also been driven by strong markets such as copper prices, nickel prices and precious metals. In addition, the residual heat of the current macro positive factors has not yet subsided, and alumina prices continue to rise, which provides strong support for aluminum prices. Taking the above factors into account, spot aluminum prices are expected to show an upward trend today.

Changjiang Nonferrous Metals Network cjys.cn Tel: 0592-5668838