Lack of consumption and unabated supply of aluminum will come under further pressure

In terms of inventory, LME aluminum stocks were 1273125 tons, an increase of 1925 tons from the previous trading day, and the aluminum warehouse receipt of the previous period was 516531 tons, a decrease of 605 tons
from the previous trading day.

In terms of spot, the Shanghai transaction concentration was 13850~13860 yuan / ton, the discount for the month was 40~30 yuan / ton, the Wuxi transaction concentration was 13850~13860 yuan / ton, and the Hangzhou transaction concentration was 13880~13900 yuan / ton
.
The South China market has sufficient supply, the price difference every other month is appropriate, some middlemen receive more goods, traders are still active in shipments, downstream basic on-demand procurement, and the overall transaction activity is
acceptable.
Holders in the East China market maintained a positive attitude towards shipments, and middlemen and downstream bargain-hunting received goods slightly, but the overall transaction activity was still difficult to call good
.

In terms of alumina, Guiyang primary alumina quotation was 2995 yuan / ton, unchanged from the previous trading day; Shanxi first-class alumina quotation was 2925 yuan / ton, unchanged from the previous trading day; Henan primary alumina quotation of 2935 yuan / ton, unchanged
from the previous trading day.

Yesterday's Shanghai aluminum main force 1902 fell by more than 1.
5%, mainly due to the significantly lower than expected manufacturing industry in China, the reduction of the purchase price of anode carbon blocks and the accumulation of 34,000 tons of spot stocks on New Year's Day
.
Given that downstream processing is on holiday after two weeks, consumption is missing and supply is not reduced, aluminum prices will be further pressured
.