Shanghai aluminum shock stabilized supported by pre-holiday stocking sentiment

Today, Lun aluminum rebounded higher, and the LME was quoted at $3,100 / ton at 15:01 Beijing time for three months, up $20, or 0.
67%,
from the previous session's settlement price.

Today's Shanghai aluminum shock is strong, China decided to increase infrastructure construction, strive to ensure stable economic growth, boost market confidence, but aluminum price rebound momentum is insufficient, downstream consumption is still weak, and the epidemic is far from over, short-term aluminum price shock stabilized
.

In terms of the market, today's spot trading price of Yangtze River is 20710-20750 yuan / ton, flat, discount 45-discount 5; Guangdong South Reserve reported 20810-20870 yuan / ton, flat; Hua reported 20760-20800 yuan / ton, down 10 yuan
.
The holder actively shipped goods to return funds, the receiver purchased at a low price and the replenishment demand was weak, and the transaction volume was flat
.

On the whole, the contribution of trillion infrastructure policies to aluminum demand is likely to be concentrated in photovoltaics, new energy vehicles, white goods, UHV and other links, providing incremental support for aluminum demand, in fact, these fields were originally within the expected range of rapid market development, this year's photovoltaic, new energy vehicles, UHV and other markets are expected to be sufficient, the core of demand or to see whether the real estate is stable
.
In the short term, sentiment of pre-holiday stockpiling and policy confidence will support prices
.