The situation of global social public events continues to intensify, the impact on the global supply chain will continue to expand, the global economy may fall into recession, and the market panic will accelerate to spread; at the same time, the domestic electrolytic aluminum production continues to grow, the downstream aluminum production will decline year on year, the electrolytic aluminum inventory continues to increase, and the pressure on aluminum price is greater.

However, affected by public events, the output of domestic alumina plants has declined, and the price of alumina has stabilized. Recently, the increase of aluminum bar processing fee has stimulated the downstream production, forming part of support for aluminum price. In terms of spot goods, there was no purchase plan for large market households yesterday, and the market supply was still loose. In the context of positive delivery but relatively surplus supply, the price advantage was not obvious, and the middlemen received goods flat, while the downstream received goods slightly better yesterday.

Technically, Shanghai aluminum's main contract in 2005 increased its position in large volume, while the main position increased and decreased more short-term volatility is expected to be weak. In terms of operation, it is suggested that the Shanghai aluminum 2005 contract can be short in light position near 12400 yuan / ton, with stop loss of 12500 yuan / ton.