Shanghai aluminum trend is strong, market trading gradually weakened

Today's Lun aluminum trend is stronger, LME three-month aluminum Beijing time at 15:00 at 1992 US dollars / ton, up 15 US dollars, or 0.
76%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15200-15240 yuan / ton, up 260 yuan; Guangdong South Reserve reported 15180-15240 yuan / ton, up 270 yuan; Hua reported 15320-15340 yuan / ton, up 260 yuan
.
The circulating supply of goods is sufficient, the receiver receives the goods at a low price, the enthusiasm of large households to receive goods is general, and the transaction gradually weakens
.

Industry highlights, the Egyptian government intends to launch a modernization project
for the country's only aluminum producer, the Egyptian aluminum industry.
Egyptian Aluminum, which entered operation in 1975 with a design capacity of 320,000 tons, made a proposal
to expand its aluminum production capacity to 570,000 tons at the end of 2019.

From the perspective of consumption, most of the new orders of aluminum plate and strip companies are delivered after the year, the willingness of enterprises to stock is weak, the new orders are weak, and most of them began to take a holiday this week to welcome the Spring Festival
.
Some downstream enterprises of aluminum rods began to reduce production this week, and the willingness to stock up before the holiday was low, and there was a backlog of some inventory in the aluminum rod factory
.
Aluminum profile enterprises approaching the Spring Festival operating rate is obviously weak, downstream enterprises in central China basically stopped production to welcome the arrival of the Spring Festival, the operating rate in East China fell slightly, and small and medium-sized enterprises in the early stage began to stop production
in the middle of the month or at the end of the month.
On the whole, consumption showed a downward trend
.
From the perspective of supply, an electrolytic aluminum plant in Henan is about to resume production, and aluminum plants generally do not stop production during the Spring Festival, and there will be a small increase
on the supply side.
Against the background of this supply increase and demand reduction, aluminum prices are expected to fall
under pressure after rising on Friday night.