After the holiday, the price performance is eye-catching, and the funds are optimistic about the aluminum market

After the Spring Festival, the debut aluminum performance is eye-catching, in the case of little change in the external market, the domestic aluminum price rose by nearly 4% on the first day, and accompanied by the enlargement of positions, indicating that the funds are optimistic about aluminum
.
In addition, the price of electrolytic aluminum rose to a high level, and under the price of raw materials, the profit of the corresponding electrolytic aluminum also reached the pre-holiday level, which is also a good guarantee
for the supply of electrolytic aluminum.

With increased supply, high profits, and the logic of speculation cyclical stocks in the financial market is smoother, futures investors should pay attention to whether the relevant aluminum cyclical stocks and prices form a good positive feedback effect
on market sentiment.

From the perspective of the non-ferrous trend during the Spring Festival, the external market is still more respectful of the nonferrous metal, and the sector is generally rising, which may indicate that the trader's sentiment has begun to show a consistent bullish attitude
towards the late performance of the nonferrous metal.
It can also be seen from the import profit and loss that the import window has opened again, indicating that this round of domestic growth has driven a large
one.

From the perspective of aluminum ingot social inventory, the accumulation cycle is coming, but it is obviously not as expected by the market; However, the statistical inventory of downstream aluminum rods and manufacturers has risen
sharply compared with previous years.
The key in the later stage is to accumulate statistical inventory regardless of aluminum ingots or aluminum rods; The second is whether the rise in price can be reflected in the processing fee, that is, whether the rise in aluminum prices can be smoothly transmitted
to the terminal.

At present, there is still a guarantee in late February, investors must pay attention to this time node in March, when the fundamental accumulation cycle is over, and demand is likely to start, but the financial market cannot be blindly in a state of excitement, from the perspective of market sentiment or dragged
down.
In terms of operation, it is recommended to be much shorter, but for aluminum enterprises, it is advisable to purchase on demand in the first half of the year, and should not overstock.