Shanghai aluminum shock rebounded The transaction situation is acceptable

Today's Shanghai aluminum main month 2104 contract opened at 17450 yuan / ton, the highest intraday 17695 yuan / ton, the lowest 17010 yuan / ton, settled 17400 yuan / ton, and closed at 17465 yuan / ton, up 235 yuan
.
Today's Shanghai aluminum shock rebounded, under the requirements of "carbon neutrality" and "carbon peak", electrolytic aluminum production capacity may be limited, demand is expected to be better
.

Today's London aluminum is weak and volatile, LME three-month aluminum Beijing time at 15:00 at 2213.
5 US dollars / ton, down 5 US dollars, or 0.
23%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 17240-17280 yuan / ton, down 300 yuan; Guangdong South Reserve reported 17250-17310 yuan / ton, down 280 yuan; Hua reported 17360-17380 yuan / ton, down 290 yuan
.
The supply and demand situation has improved, the receiving party has not achieved price reduction, the enthusiasm of large households to receive goods is general, and the transaction situation is acceptable
.

Industry news, foreign media reported that Coal India plans to invest Rs 1.
43 trillion in 26 projects in new business areas
.
The new business areas will include greenfield aluminium projects, brownfield aluminium projects, solar wafer manufacturing, solar power projects and thermal power plants
in joint ventures with NALCO.

The particularity of this year's Spring Festival determines the mismatch of production and demand in the processing industry, and some aluminum ingots are accumulated in advance to downstream finished product inventory, and the key in the later stage is the accumulation of social stocks such as aluminum ingots and aluminum rods; The second is whether the rise in price can be reflected in the processing fee, that is, whether the rise in aluminum prices can be smoothly transmitted
to the terminal.
Finally, it is reported that Inner Mongolia's energy consumption has not reached the standard and wants to take power restriction measures, and electrolytic aluminum is the first to bear the brunt, but there has been no substantial action and impact
at present.

In the short term, the high market sentiment under the aluminum price is still guaranteed, investors must pay attention to the time node in mid-March, when the fundamental accumulation cycle is over, the demand is started, and pay attention to the landing
.