Aluminum picks up and shippers are reluctant to sell, and the market trading has turned significantly weaker

Aluminum prices rose continuously last week and also turned back into premiums that month
.
In the first two weeks, long-distance logistics were tight, and the arrival volume in the sales area was low, resulting in slight squeeze pressure
before delivery.
Usually, after the Spring Festival, a large number of refinery inventories will arrive in a concentrated manner, and the inventory concentration will increase significantly, so there will still be an impact
of inventory increase after the holiday.
However, so far the increase in stocks has been very limited, which also highlights the strength of downstream actual consumption, and post-holiday stocks may be limited to around 1.
1 million tons, which will still be the lowest level in the same period in recent years
.
Consumption rebounded in peak season, and aluminum prices are more likely to rise
.

Foshan aluminum: 2/8 Nanchu Foshan aluminum ingot quotation 15600-15660 yuan, the average price of 15630 yuan, up 140, unchanged from the month
.
Today's aluminum prices continue to rise, but the increase narrowed, the Spring Festival approaching the market is relatively cold, there are few shippers in the morning, the spot premium is reported to 20~30 yuan, but the receiver wants to reduce the price, almost no transaction
.
Subsequently, the shipper increased the superimposed futures price lower, the spot market was under pressure, the premium fell to -10~0 yuan, the shipper raised the price, and the transaction was not smooth
.
The later futures price rebounded, and the spot premium rose back to about 10 yuan, but the market trading turned significantly weaker, and the spot transaction price was concentrated at 15620-15660 yuan, which was -10~30 yuan
higher than the average price of Foshan in the South Reserve.

Wuxi aluminum: 2/8 Nanchu Wuxi aluminum ingot quotation 15560-15600 yuan, the average price of 15580 yuan, up 80, the month sticker 50
.
Although the end of the year is approaching, but there is still a certain degree of heat in the early stage of the East China market today, the futures price is falling, the holder is not optimistic about the future market, continue to ship, the spot transaction premium is -40~-30 yuan, and the transaction is acceptable under the low price
.
In the later period, the market turned significantly weaker, the futures price picked up and the shipper was reluctant to sell, and the spot premium rebounded to -10~0 yuan, but the receiver still wanted to lower the price, and the transaction turned poor, and the spot transaction price was concentrated between 15540-15580 yuan, which was -40~0 yuan
higher than the average price of Wuxi in the South Reserve.