Aluminum market afternoon review on December 16

Coal fell yesterday, Lun aluminum opened high and low turned to close in the shade, closing at $2601, Shanghai aluminum night trading narrow range shock closed doji, closed at 18935.
Shanghai aluminum trading positions are down, market sentiment returned to neutral
.
Policy factors have led to inactive trading of Shanghai aluminum, but the fundamentals have improved, and the future market may continue to fluctuate upward with Lunaluminum aluminum
.
Upper pressure 22000, lower support 18500
.

Although the cost of electrolytic aluminum is still declining, the market is beginning to pay attention to the cumulative effect of consumption improvement, and aluminum ingot destocking accelerates to boost aluminum prices
.
On the supply side: November production was in line with expectations, and December production will pick up slightly month-on-month, considering that the National Reserve Bank has not sold reserves, and supply remains at a low level
during the year.
Consumption: The year-on-year decline in real estate sales area narrowed in November, indicating that the real estate market has improved under the background of loosening real estate policies; Demand continued to improve, and aluminum ingots were destocked to speed up
.

Overall, non-ferrous metals generally fell on Wednesday, and aluminum ingots were dragged down by the short term, but considering the current acceleration of aluminum ingots to destocking, aluminum prices fell below 19,000 but a better low absorption opportunity; in the medium and long term, the policy of the real estate sector has improved significantly, and aluminum prices are not pessimistic
.