Affected by uncertainties, aluminum prices may operate under pressure

The contradiction of aluminum fundamentals has been blunted, the aluminum plant in Wenshan in Yunnan Province that previously reduced production due to emergencies has resumed work last week, and the impact is expected to be limited, and Shandong Yantai due to environmental protection problems to local alumina and electrolytic aluminum enterprises to implement production restrictions under the grading warning, but the local electrolytic aluminum enterprises have not received a production restriction notice; On the consumption side, this week's consumption is acceptable, the operating rate of processing enterprises remains stable, sub-sectors, plate and strip foil and industrial profile enterprises downstream orders are relatively stable, cable companies because of the concentrated delivery period also maintain just need to purchase, but aluminum alloy and building profile sector orders are weak, it is expected to be difficult to improve this year, the consumption situation in the north and south regions has also diverged, but the overall consumption situation is good, and it is expected that aluminum prices will continue to maintain volatile operation
.

Overall, the epidemic is now an uncertain factor, it is recommended to observe the low support first, if the support is effective, then the overall is still between 18200-19700 oscillation, if it falls below the support, then below or probe the 17000 line to find support, it is recommended to be cautious at the beginning of the week, wait and see after the situation is clear
.