Aluminum market afternoon review on December 31

Overnight, Lun aluminum opened high and closed at $
1995.
Shanghai aluminum fell back in the night session, closing at 15505
under pressure on the 5-day moving average.
Affected by the cold wave, the internal market trend is slightly stronger than the outer market
.
Shanghai aluminum trading positions are declining, reducing positions rebounding, mainly due to the exit of funds before the holiday, the technical trend is still not strong, it is not suitable to dig the bottom
.
Upper pressure 16100, lower support 15000
.

The US president has signed a new round of 900 billion stimulus package, which has sufficient support for non-ferrous metal consumption, and the recovery of demand in Europe and the United States cannot be falsified
for the time being.
The conclusion of the China-EU trade agreement has boosted market sentiment
.
However, macro sentiment has recently declined due to the impact of the year, and the overall performance of colored metals is weak
.

In terms of industry, with the advent of seasonal consumption off-season, electrolytic aluminum social stocks began to increase, and recently stocks returned to above
600,000 tons.
Coupled with the suspension of production of some aluminum companies in Henan due to environmental factors and the impact of power cuts in Zhejiang, the inflection point of inventory may begin to approach
.
The import profit window has opened since December, and imports are expected to increase
by the end of December.
Today is the last trading day before New Year's Day, it is recommended to wait and see
.