The Federal Reserve spoke dovish, reducing the scale of quantitative tightening, exceeding market expectations, the US April quarterly non-farm data performance was lower than expected, the market interest rate cut expectations from November to September. Domestic PMI data above the line of growth and contraction, boosting consumer confidence in the market. At present, electrolytic aluminum production remains high, Yunnan continues to release the resumption of production capacity, drought in some local areas, the resumption of production rhythm has accelerated after the rainy season, the demand side continues to repair, aluminum rod, aluminum plate and foil enterprises operating rate is high, traditional consumption is still weak, the new energy sector supports demand, export consumption is boosted, aluminum rod, aluminum ingot inventory to the storage turning point, demand consumption is still optimistic. After the holiday, the price of aluminum market stood firm and broke through, and the trend remained bullish.