Higher international oil prices boosted aluminum prices

Today's Shanghai aluminum main month 2202 contract, opening 20300 yuan / ton, the highest intraday 20430 yuan / ton, the lowest 20120 yuan / ton, settlement 20285 yuan / ton, the end closed at 20380 yuan / ton, up 135 yuan, or 0.
67%.

Today's London aluminum shock consolidation, LME three-month Beijing time at 15:01 at 2842.
50 US dollars / ton, up 10 US dollars, or 0.
35%,
from the previous trading day's settlement price.

Overnight, non-ferrous metals were generally strong, and Shanghai aluminum rebounded
slightly.
After the holiday, the social inventory of aluminum ingots and aluminum rods rebounded by more than 20,000 tons, and the first accumulation of stocks since late November, and the outbound volume also fell
month-on-month.
At present, the market has entered the downstream holiday time window, and the continuous upward drive of Shanghai aluminum is insufficient, it is recommended to temporarily lock in profits and wait for the spring seasonal long order
after the correction.

In terms of the market, today's spot trading price of Yangtze River is 20290-20330 yuan / ton, Zhang 200 yuan; Guangdong South Reserve reported 20260-20320 yuan / ton, up 160 yuan; Hua reported 20330-20370 yuan / ton, up 200 yuan
.
The overall trading performance of the market is average, factories and traders ship a small amount, the quotation is mostly firm, and the market has a stable
mentality for the future market.

Today's Shanghai aluminum high volatility trend is strong, aluminum ingot spot prices rose with the market, international oil prices are higher, European energy supply concerns have not eased, boosting aluminum prices
.
The overall downstream consumption is not good, the supply of some factories is not much, the destocking is fast, the supply is slightly reduced, and the price of aluminum is rising
.