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Overnight, as copper prices reached new highs, non-ferrous metals were generally strong, and Shanghai aluminum rebounded
.
Aluminum ingot social stocks continued to increase, accumulating 50,000 tons to 660,000 tons this week, consumption seasonally weakened significantly, high profits were suppressed
by bears.
The monthly difference between Shanghai and aluminum far month narrows, and if the structure continues to reverse, it may cause the hedging disk to accelerate its entry
.
Pay attention to the support of 10,000 and hold short orders
.
In terms of the market, the domestic spot aluminum price fell on January 7, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Metal Network was reported at 15550 yuan / ton, down 140 yuan; The price of Chinalco East China AOO aluminum ingots was 15,560 yuan / ton, down 130 yuan
.
The dust has settled on the US election, and the market is focused on the prospects of further fiscal stimulus in the US, and the stimulus package may be approved quickly; Although the current electrolytic aluminum inventory has accumulated, it has generally remained relatively low, and spot aluminum prices are expected to rise
today.
After the recent macro uncertainty landed, the overall atmosphere was optimistic again, which formed a certain support
for aluminum prices.
However, the fundamental face of the impact of the price short-term dominance, inventory inflection point finally established, considering that demand will further fall and the continuous growth of supply, the important factors supporting aluminum prices have changed, aluminum prices will be in a phased decline, short-term recommendations are short-term, the actual accumulation range and the expected difference will determine the range of prices
.