Fundamental support weakens The upward pressure on aluminum prices will gradually increase

In the external market, today's Lun aluminum weak shock, LME three-month aluminum Beijing time at 15:00 at 1477 US dollars / ton, down 2.
5 US dollars, or 0.
17%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 12730-12770 yuan / ton, down 290 yuan; Guangdong South Reserve reported 12750-12810 yuan / ton, down 260 yuan; Hua reported 12860-12880 yuan / ton, down 270 yuan
.
The shipment of the holder is acceptable, the middleman is more hesitant, the downstream receiving state is better than yesterday, and the overall transaction is
acceptable.

Industry highlights, data from the U.
S.
Geological Survey shows that Russian exports of primary aluminum and alloys to the United States rebounded
in February 2020 after a month-on-month decline.
According to the USGS report, Russia's exports to the United States were 17,700 tons in February, compared to 13,100 tons in December 2019 and 9,260 tons
in January 2020.

Although the current domestic consumer demand performance is still strong, and in the later period there is domestic infrastructure or began to make efforts, market optimism is high, but China and the United States wave again, the later domestic aluminum export pressure or will increase, April aluminum exports of 440,000 tons, year-on-year decline in supply, aluminum enterprise profit improvement, weakening aluminum enterprises production expectations, and recently there is news that Yun Aluminum Heqing and Yun Aluminum Wenshan project began to be put into production, the later supply pressure became greater
.
On the whole, the upward pressure on aluminum prices will gradually increase
.