Lack of support in fundamentals Shanghai aluminum continues to weaken

Today's London aluminum volatility weakened, LME three-month aluminum Beijing time at 15:00 at 2011.
5 US dollars / ton, down 2.
5 US dollars, or 0.
12%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14710-14750 yuan / ton, down 120 yuan; Guangdong South Reserve reported 14690-14750 yuan / ton, down 100 yuan; Hua reported 14810-14830 yuan / ton, down 180 yuan
.
The circulation of goods has decreased, the demand has improved slightly, the enthusiasm of large households to receive goods is average, and the transaction is
acceptable.

Industry news, Nanshan Aluminum said that electrolytic aluminum production capacity can basically meet the company's downstream processing and production needs, and purchase a small amount of aluminum ingots
.
The 100,000-ton automotive steel production capacity project invested in the later stage is expected to be completed and put into operation before the end of 2021, and the completed automotive steel production capacity can reach 200,000 tons
.

The dollar index rebounded above 90, putting pressure
on non-ferrous metal prices.
The domestic electrolytic aluminum social stock rose to 676,000 tons, and the inventory inflection point has been established, and the follow-up will enter the off-season accumulation stage
.
Affected by this year's cold winter and the new crown epidemic, downstream aluminum processing companies took an earlier holiday, and the demand side fell rapidly
.
From the recent aluminum price trend, inventory has a strong leading role in aluminum prices, and it is expected that the trend of Shanghai aluminum in the first quarter is relatively sluggish
.