The recent spot market weakness of aluminum spot prices fell slightly last week, spot prices in Shanghai spot daily high prices in Shanghai fell from 15,530 yuan / ton on Monday to 15,370 yuan / ton on Friday, the daily lower trading price also from Monday's 15500 RMB/tonne fell to 15,350 yuan/ton on Friday, and the daily high spot price in Guangdong fell from 15,450 yuan/ton on Monday to 15,380 yuan/ton on Friday, and the daily low transaction price was 15,400 yuan/day on Monday. Tonnes fell slightly to 15,320 yuan/ton. Market characteristics: The recent aluminum spot weak market features. In terms of supply, aluminum production continued to grow. Aluminum production reached 547,400 tons in May, a year-on-year increase of 28%, and monthly production hit a record high since 2004. At present, the spot price of aluminum is low, the price of electricity has risen, and some electrolytic aluminum plants have suffered losses. The manufacturers have taken various measures to reduce production costs. The price of imported alumina dropped from 5,500 yuan/ton at the beginning of the year to 4,100 yuan/ton. The supply of imported alumina accounted for nearly 50% of the domestic demand for alumina, and the price of imported alumina dropped, which is beneficial to the dilution of aluminum production costs, and oxidation. The drop in aluminum prices can offset the pressure of rising electricity prices. Manufacturers have a shortage of liquidity. In order to increase the liquidity turnover rate, it is necessary to accelerate product sales. Aluminum consumption, aluminum consumption has entered the traditional off-season consumption, and the tight supply of electricity, so that the aluminum processing plant operating rate decreased, some aluminum processing plants in order to maintain normal production, the use of fuel generators to generate electricity, high self-generation costs, further inhibited Aluminum consumption. With the increase in supply, the low consumption of aluminum has kept aluminum stocks high and aluminum spot prices have been slowing down. Domestic aluminum prices are in a downturn, and the relationship between aluminum prices in the international market tends to return rationally, which will benefit domestic aluminum exports, ease domestic supply pressure, and regulate supply and demand. Spot aluminum prices can obtain certain support at the bottom. Since mid-May, spot aluminum prices have been consolidating within a narrow range from RMB15,400/t to RMB15,800/t. Last week, the spot price of aluminum has fallen below the previous low price, and spot aluminum prices may continue to drop and lower. However, the decline is limited. Source: China International Futures Brokerage Co., Ltd.