Shanghai Aluminum declined slightly, trading was weak

Yesterday, the LME market aluminum aluminum futures opened at 1777 US dollars yesterday, higher rushed to 1787 US dollars by the short-term moving average retreat, a lower 1,764 US dollars, closing 1,785 US dollars, volume 64945 hand, positions 402339 reduced by 2199 than yesterday, inventory 5656025 than yesterday Increase 8250 hands. The Japanese k-line is a small Yangxian under a moving average. The short-term market atmosphere is strong, and short-term technical aspects may face a correction. Today's Shanghai aluminum market 0507 contract opened 16860, higher 16870, lower 16770, closing 16790. The Japanese k line is the small Yin line on the moving average. There is still a long structure on the technical side, so investors are still advised to hold more. Market dynamics: Today's market rumors that China will allow more aluminum smelters to import alumina, the increase in supply will suppress aluminum prices. Foreign exchange market: The U.S. government report this evening will show that the U.S. trade deficit has expanded to a record high, putting pressure on the U.S. dollar and also providing impetus for the rebound in metal prices. China's macroeconomics: According to the report of the National Development and Reform Commission, the CPI will increase by 2.5% in the second quarter, which is lower than the 2.8% in the first quarter. A new report from the Price Monitoring Center of the China Development and Reform Commission predicts that housing prices will continue to rise in 36 large and medium-sized cities in China in the second quarter, but the increase will be lower than in the previous quarter, which is about 7.5%. Judging from the currently published data and the attitude of relevant officials, the RMB may not raise interest rates in the short term. Operational recommendations: rebound to lighten up.