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Last week, aluminum prices first suppressed and then rose, Tuesday and Wednesday there was a certain degree of correction, however, Thursday's aluminum ingot inventory data accumulation is less than expected, coupled with the notice of Inner Mongolia to adjust the cost of electricity, bull sentiment has been boosted to a certain extent, funds rush to run strongly, aluminum prices have risen one after another, the bullish trend has become
.
The dollar index retreated overnight, with US stimulus boosting and non-ferrous metals rebounding
.
Shanghai aluminum maintained the judgment of the oscillation operation of the previous year, focusing on the 16,000 integer pressure level
.
The dollar index fell slightly to just 90.
9
as the US non-farm payrolls data for January fell less than expected.
The social inventory of electrolytic aluminum announced last Thursday was 714,000 tons, up only 09,000 tons from the previous value, and the accumulation range was not large
.
The operating rate of aluminum has declined, downstream processing enterprises have entered a holiday state, and subsequent electrolytic aluminum consumption will continue to weaken, paying attention to the accumulation space
of Shanghai aluminum.
Although the Spring Festival accumulation is still expected
.
However, this year, China encourages local New Year celebrations, resulting in less accumulation than in previous years, and there are still great expectations
for the improvement of downstream operating rates after the Spring Festival.
It is still in the stage of optimistic expectations, considering that the domestic macro is still warm in the first half of the year, Shanghai aluminum is difficult to become a short variety at the current price, continue to run strongly, and reflect the demand expectations in the current price in advance
.
