Brief review of the aluminum market on March 10

Shanghai aluminum fluctuated slightly on Tuesday, and as of the close of 3 p.
m.
, the main 2005 contract closed up 0.
54% to 12985, up 70% from the previous trading day; After the previous big fall, and cost support, short-term aluminum prices do not rule out the need for repair, but the economic decline caused by the global epidemic, and downstream demand is still in a sluggish period, aluminum price rebound momentum is insufficient, the overall trend is still weak, short-term material consolidation around 13,000, medium-term still has the possibility of continuing to decline, below focus on around 12000-12500.

Wait and see
in operation.
It is expected that the spot aluminum price will not fluctuate much
tomorrow.

According to foreign news on March 9, data released by the US Department of Commerce a few days ago showed that the United States imported 6,052 kg
of aluminum in January.
U.
S.
aluminum exports were 4,961,682 kilograms in January, down from 5,164,826 kilograms
in December.
Most of the industrial products in the domestic futures market rebounded, Shanghai aluminum followed a slight recovery, and the spot performance was poor and did not follow.

Aluminum price material sideways, little change, for reference
only.

During the day, Shanghai aluminum mainly repaired the overall decline caused by the decline in crude oil the previous day, relatively speaking, Shanghai aluminum had a small previous decline, and the rebound of Shanghai aluminum was smaller
than that of other non-ferrous metals.
At present, it is still necessary to pay attention to the impact of the epidemic overseas, and before there is a significant improvement, aluminum prices are still under pressure and consolidation, and the rebound is limited
.