February 1 aluminum market noon review

On Friday, Lun aluminum rushed back down to close the small black line, with large fluctuations, closing below the 60-day moving average at $1977
.
After the daily rise of Shanghai aluminum, the night session continued to open high and rise sharply, the highest rushed to around 15500 before falling back to close in Zhongyang, closing at 15160
.
Shanghai aluminum trading positions rose sharply, and the market was optimistic
.
Henan's environmental protection production restrictions have formed support below aluminum prices, and pre-holiday stocking factors have also supported aluminum prices, and short-term Shanghai aluminum may continue to be strong
.
Upper pressure 15500, lower support 15000
.

In terms of news, the Federal Reserve lowered its economic recovery expectations, market risk aversion rose, the dollar index rebounded above 90, and non-ferrous metals were briefly under pressure
.
Thursday's data showed a slight decline in electrolytic aluminum social inventory, and aluminum prices exceeded 15,000 again in the case of a brief decline in inventory, but the trend of inventory accumulation is difficult to change, and it is expected that electrolytic aluminum is in a state
of accumulation in the first quarter.
The operating rate of aluminum products has declined, and downstream processing enterprises have entered a state of vacation, and subsequent electrolytic aluminum consumption will continue to weaken
.
Under the background of accumulation, the pressure above Shanghai aluminum is large, and the new order is recommended to wait and see
for the time being.