Shanghai aluminum is strong and volatile, and the consumption outlook is still optimistic

Today, LME three-month aluminum fell back to 2172 US dollars / ton at 15:00 Beijing time, down 12 US dollars, or 0.
55%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 17480-17520 yuan / ton, up 400 yuan; Guangdong South Reserve reported 17460-17520 yuan / ton, up 410 yuan; Hua reported 17580-17600 yuan / ton, up 390 yuan
.
Holders actively ship, the willingness to receive goods is weak, the enthusiasm of large households to receive goods is average, and the transaction performance is average
.

On the macro front, China's foreign trade imports and exports increased by 57%
in February.
Among them, exports increased by 139.
5%; Imports increased by 10.
3%.

U.
S.
nonfarm payrolls rose 379,000 in February versus an estimate of 195,000 versus an increase of 49,000
in the previous month.
The U.
S.
Senate passed a $1.
9 trillion economic rescue package
.
The US non-farm payrolls data sharply exceeded expectations, forming a strong support for market confidence, and the dollar rose sharply on Friday, and most non-ferrous metals rose
.

At present, the marginal demand is strong and the supply is weak, and the underlying support logic of aluminum prices still exists
.
The late dollar trend and the degree of fulfillment of the previous strong expectations by the reality of supply and demand fundamentals are still the key to affecting aluminum prices, and we tend to look at the high adjustment
at present.
If there is a certain pullback, to give downstream processing enterprises better profit repair, aluminum ingots can see more obvious destocking, unilateral prices will also have a stronger upward drive
.