Downstream demand turned weak, and the aluminum market traded cautiously

Futures market: Data show that U.
S.
employment growth in December was slower than expected, the U.
S.
stock market fell from record highs, and the recent continuous decline in oil prices put pressure, the next week Lun aluminum rushed back down, the latest closing quotation of 1798 US dollars / ton, down 6 US dollars, down 0.
33%, the volume of 10290 lots decreased 2380 lots, and the position 718893 increased by 6821 lots
.
On Friday night, Shanghai aluminum oscillated running, and the latest closing quotation of the main month 2003 contract was 14065 yuan / ton, down 5 yuan, or 0.
04%.

London Metal Exchange (LME) on January 10, the latest inventory of London aluminum reported 1410675 metric tons, down 14,900 metric tons, or 1.
05%, from the previous trading day, and fell 5.
18%
in the last 14 trading days.

On January 10, the domestic spot aluminum price rose slightly, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 14520 yuan / ton, up 40 yuan; The price of Chinalco East China AOO aluminum ingots was 14,550 yuan / ton, up 60 yuan
.
At present, the recent Shanghai aluminum inventory has increased slightly, the price of alumina at the cost end has stabilized, the downstream demand at the end of the year has become weak, trading is cautious, the inflection point of social inventory has reached but the growth is limited, aluminum prices may fall into shock, and spot aluminum prices are expected to rise and fall within
the day.