February 9 aluminum market noon review

Recently, European energy attention has risen again, coal rose sharply yesterday, and Lun aluminum rose sharply to close the fourth consecutive Zhongyang hit a record high of $3236, closing at $
3188.
After a sharp rise yesterday, Shanghai aluminum opened high and closed at 22755
in the night session.
Short-term internal and external aluminum prices are expected to continue to rise, medium-term aluminum fundamentals are better, technical form is also better, Shanghai aluminum may continue to fluctuate
upward.
Upper pressure 24765, lower support 21000
.

At present, the overall domestic production capacity is still at a relatively low level, and the speed of production increase after the holiday is temporarily uncertain, and the output will show a trend of tightening before
loosening.
In the short term, the tension between the United States and Russia is difficult to ease, European natural gas inventories may continue to fall at a low level, high electricity costs have become the norm, and cost differentiation and supply disruptions at home and abroad have become good opportunities
for domestic exports.
Before the holiday, the downstream advance stocking is basically in place, some large aluminum foil enterprises do not stop work during the Spring Festival, some enterprises have sufficient orders, early holiday, it is expected that the speed of resumption of work after the holiday is more optimistic, the long holiday effect makes the destocking cycle at the beginning of the year longer, coupled with the winter solstice rain and snow weather in the north and south and the epidemic interfere with transportation, the aluminum ingot social warehouse after the holiday or weaker than expected 1.
2 million tons, in summary, after the festival basically faces aluminum There is some support, the specific still needs to resume work and inventory situation
to corroborate.