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Aluminum market morning comment: the dollar strengthened, long holdings reduced, last Friday London Stock Exchange March aluminum price fell 2.
97% to 3022.
5 US dollars / ton
.
Shanghai aluminum night trading also fell, the main 2203 contract closed below 21220 yuan / ton
.
In the morning, the spot market trading weakened, downstream receiving decreased, and the holders showed a strong willingness
to exchange cash.
The mainstream trading price in Shanghai is around 21350 yuan / ton, which is basically the same
as futures.
The mainstream transaction price in Guangdong is around 21350 yuan / ton
.
The intensive introduction of domestic stimulus policies to stabilize the economy has also stimulated the market's optimistic expectations
for post-holiday real estate consumption.
However, expectations are expected to be fulfilled, and the current seasonal weakening of consumption, steady and rising production, the market has entered the warehouse stage, and the market has risk aversion before the Spring Festival
.
Operationally
, it is recommended to control risks before the holiday.