Shanghai Aluminium futures prices continued to decline slightly under the influence of major commodity market slumps. The main contract futures prices opened lower and lower, but after approaching the support level of 16,500 yuan we mentioned, the stagnation of the futures price appeared. . Judging from the performance of Shanghai Aluminum's major contract price, the transaction has been significantly enlarged, while the holding position has remained stable, indicating that the downward price of the current price zone is insufficient. As the rebound in the mid-term price is still relatively weak, the price has also been suppressed by the small decline channel since March. The stabilization signal of Shanghai aluminum price has not been generated, and the evolution of the short-term trend still needs to be observed. In terms of news, investment growth in the hot-key investment industries that the country has regulated in the first quarter of this year has significantly declined. In particular, investment in the electrolytic aluminum industry has only increased by 6%, and the growth rate has dropped by 83.2%. At present, self-roasting tanks of 60 thousand amps have basically been phased out, idle capacity has reached 1.2 million tons, output growth rate has dropped by 11.7 percentage points, and production capacity control has achieved significant results in the past two years. Combined with the recent relevant information, the industry policy in the later period continues to be suppressed, so that the Shanghai aluminum futures price remains relatively stable after the advent of the consumption season is also expected. Operational recommendations, the short-term trend Shanghai aluminum return to the sensitive area, continue to wait patiently.