Shanghai aluminum continued to fall under pressure and closed below 10,000 within the day

Today's Lun aluminum high declined, LME three-month Beijing time at 15:01 at 2310 US dollars / ton, down 1 US dollars, or 0.
06%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18000-18040 yuan / ton, down 300 yuan, discount 55-discount 15; Guangdong spot 17960-18020 yuan / ton, down 320 yuan, discount 95-discount 35; Hua reported 18050-18090 yuan / ton, down 300 yuan
.
Cargo holders are unable to support prices and passively reduce shipments, trading weakens under the influence of downstream bearish sentiment, and receivers maintain bargain hunting replenishment, and a small number of transactions are made
.

Today's Shanghai aluminum trend is weak, the futures market atmosphere is empty, coupled with the continuation of the weak pattern of supply and demand, it is expected that consumption will remain weak before the Spring Festival, and Shanghai aluminum will continue to fall under pressure, and the close of the day will fall below 10,000.

At present, the weakening of overseas energy prices is dragging down the trend of aluminum prices, mainly due to the recent decline in European electricity prices and natural gas prices; Domestic off-season consumption is weak and downstream stocking willingness is weak, and the operating rate of aluminum downstream processing enterprises remains generally weak, lack of orders, coupled with the upcoming Spring Festival and the impact of the epidemic, resulting in an increase in early holidays for enterprises, labor shortages, spot transaction premiums continue to decline, weak fundamental consumption has been confirmed to be dominated by weak aluminum prices, and aluminum is expected to fall
.