Shanghai aluminum is weak and volatile or there is still room for exploration

In the external market, today's Lun aluminum volatility weakened, LME three-month aluminum Beijing time at 15:00 at 1982 US dollars / ton, down 5.
5 US dollars, or 0.
28%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 14850-14890 yuan / ton, down 40 yuan; Guangdong South Reserve reported 14790-14850 yuan / ton, down 20 yuan; Hua reported 14960-14980 yuan / ton, down 40 yuan
.
Holders are actively shipping, large households are generally enthusiastic about receiving goods, market activity is weak, and trading is flat
.

Industry news, independent consultant Glen Djukanovic said it was not surprising
that LME aluminum prices reached $2,000 due to strong demand from China and a rapid recovery in the rest of the world for the rest of the year.
The market consensus is that there is an oversupply of 1.
1 million tons of aluminum this year, up 29% from the previous year, but most of it is still financing transactions
.

At present, the fundamentals of the aluminum market are still relatively weak, spot premiums narrowed yesterday, consumption turned weak, according to the survey, most domestic aluminum processing companies have an early holiday plan, and the holiday time is longer than the same period of previous years, downstream demand before the holiday to maintain weakness, enterprises are more optimistic about the order situation
after the Spring Festival.
Subsequently, the market pays more attention to the changes in the aluminum ingot social library, and the aluminum price is currently difficult to say the bottom, and there is still room for a small decline in the short term
.