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Aluminum market afternoon comment: oil prices weakened, overnight aluminum shock fell to close down 3.
12%; The high level of the outer metal fell back to Shanghai aluminum, superimposed on the domestic spot market generally turned to price pressure and wait and see, less mining on demand, it is expected that aluminum will fall
today.
Affected by the epidemic, there is an abnormal arrival of goods, the backlog of the platform, the increase in goods in transit, it is expected that the arrival of aluminum ingots will increase slightly next week, aluminum inventory will remain dematerialized but the actual spot is weak, the aluminum spot discount has expanded again, and the aluminum price shock adjustment
.
Supply side: It is expected that daily production will pick up month-on-month in March, and overseas aluminum interference will still be large
.
Consumption: Downstream demand picks
up seasonally.
In the medium and long term, the domestic supply is growing steadily, the demand-side market has expectations for the marginal relaxation of the real estate field, the country's future UHV construction scale is unprecedented, the market is expected to be good for aluminum demand, and aluminum prices remain optimistic
.