Brief review of the aluminum market on November 23

On Friday, the Shanghai aluminum main 2001 contract opened at 13855 yuan / ton in the morning, the first trading stage, the long position was continuously closed, the lowest probe was 13820 yuan / ton, into the second trading stage, some bears took the opportunity to leave the market, the market stopped falling and rose slightly; In the afternoon, the trend of the Shanghai aluminum market under the long and short game was slightly glued, and the bears at the end of the session closed their positions intensively, and finally closed at 13855 yuan / ton, down 10 yuan / ton, down 0.
07%.

During the week, the inventory of electrolytic aluminum aluminum rods continued to decline, and the demand side did not show obvious fatigue, but the price of alumina on the cost side continued to decline, and the support below Shanghai aluminum continued to weaken
.
It is expected to remain range-bound and will continue to pay attention to spot market liquidity and inter-contract structural changes
next week.

Aluminum prices in the Foshan market fell slightly during the day and remained low and volatile
this week.
At present, the price of aluminum is at a low price, attracting some speculators to enter the market to stock up on goods, but most aluminum manufacturers are still cautious
in purchasing.
Although the current demand for aluminum market is still weak, the national aluminum social inventory continues to fall slightly below 800,000 tons due to environmental protection and other factors, and there is still support
.