Summary of Today's Aluminum Market Newsletter (2018-05-18 pm)

[Trump suddenly met with Liu he to send these three clear signals! Diplomacy is no trifle. Some seemingly casual details, in fact, reveal meaningful signals. The Sino-US trade talks are still continuing, but on the sidelines of the talks, Trump suddenly met Liu he at the White House, and the message should also be quite rich. at least these three clear signals: first, there has been a subtle change in the attitude of the US side; Signal two, China and the United States have differences, but both want to properly resolve them; signal three, future cooperation, China and the United States have a lot of room.

[copper warehouse receipt daily] May 18 previous period copper decreased 52 tons to 155704 tons [aluminum warehouse receipt daily] May 18 last period aluminum decreased 11761 tons to 849192 tons [lead warehouse receipt daily] May 18 last period lead decreased 2232 tons to 11731 tons [aluminum warehouse receipt daily] May 18 [aluminum warehouse receipt daily] May 18 previous period lead loss 2232 tons to 11731 tons [aluminum warehouse receipt daily] Zinc warehouse receipt daily] May 18 previous period zinc loss 274 tons to 18854 tons [tin warehouse receipt daily] May 18 previous period tin decreased 33 tons to 6773 tons [nickel warehouse receipt daily] May 18 previous period nickel decreased 221 tons to 28900 tons

[Gansu promotes backward production capacity withdrawal work plan: iron and steel, electrolytic aluminum and other industries as the focus of research] the program is divided into three stages: 1. By the end of April, the work plan to promote the withdrawal of backward production capacity in accordance with the law and regulations in the region will be submitted to the provincial work and credit departments. 2. By November 30, enterprises, equipment and production capacity of key industries such as iron and steel, cement, electrolytic aluminum and flat glass will be closed down in accordance with the law and reported separately. 3. Before December 10, we will summarize the situation of enterprises, equipment and production capacity of key industries such as steel, cement, electrolytic aluminum, flat glass and so on that have been closed down in accordance with the law, and take into account the withdrawal of backward production capacity in that year.

[copper stocks] LME copper stocks rose 1275 tons to 301475 tons on May 18. [aluminum stocks] LME aluminum stocks were reduced by 5600 tons to 1243850 tons on 18 May. [lead stocks] LME lead stocks increased by 1700 tons to 133725 tons on 18 May. [zinc stocks] LME zinc stocks were reduced by 175 tons to 231450 tons on 18 May. [tin stocks] LME tin stocks increased by 5 tons to 2430 tons on 18 May. [nickel stocks] LME nickel stocks decreased by 306 tons to 305748 tons on 18 May.

[copper stocks] Copper stocks in the previous period of this week were 11021 tons lower than the previous week to 268504 tons [aluminum stocks] Aluminum stocks in the previous period of this week were 8207 tons lower than the previous week to 983816 tons [lead stocks] lead stocks in the previous period of this week were 5185 tons to 15458 tons lower than the previous week [aluminum inventory] Zinc stocks] Zinc stocks in the previous period of this week were 7072 tons lower than last week to 87120 tons [tin stocks] tin stocks in the previous period of this week were 34 tons lower than last week to 7444 tons [nickel stocks] nickel stocks in the previous period of this week were 2621 tons lower than last week to 33000 tons.

ECB governing Council Lien: do not believe that "hard Brexit" is likely to happen.