Guangzhou futures: aluminum price range consolidation, looking for low opportunities

The US CPI data in April was in line with expectations, the market expected to cut interest rates again, the US imposed tariffs on Chinese products, restricted exports of aluminum to the US, and the macro sentiment increased but is expected to be relatively high. Basically, the domestic electrolytic aluminum supply is stable, Yunnan resumption of production has brought some aluminum water growth, downstream demand toughness still exists, domestic inventory delivery of 30,000 tons, long positions on the plate continue to grow, aluminum prices move up the price is difficult to fall, short-term prices in the 2000-21000 consolidation to find support, it is recommended that market sentiment is stable to find a low position.