February 8 aluminum market afternoon comment

The Spring Festival holiday is approaching, the domestic market has entered a holiday atmosphere, and the non-ferrous metal market has shown obvious off-season characteristics
.
On the other hand, risk appetite in global financial markets has been frequently switched recently, and the volatility of various asset prices, especially stock markets and commodities, has intensified
.
At present, the "pro-cyclical" varieties led by copper and aluminum are limited by the weakening of supply and demand in the traditional off-season in the uncertainty of macro expectations, pay attention to the far-reaching impact of the cancellation of electrolytic aluminum electricity preferences in Inner Mongolia and other places on the market, pay attention to the rebound opportunity after the pullback of copper and aluminum after the short-term price shock, and pay attention to controlling positions
when the long holiday is approaching.

Stimulated by the news that Inner Mongolia has sharply raised electricity prices in high-energy-consuming industries such as electrolytic aluminum, aluminum prices have continued to rise
.
On Friday, Lun aluminum continued to rise to close at $2019
.
After the daily rise in Shanghai aluminum, the night session continued to open high and rise to close in Zhongyang, closing at 15710
.
Shanghai aluminum trading positions are stable, and market sentiment is strong
.
At present, a large number of upstream and downstream manufacturers have stopped work, the market volume is insufficient, Shanghai aluminum may continue to be high before the holiday, and there is great uncertainty
after the holiday.
Upper pressure 16000, lower support 15000
.