Shanghai aluminum trend is strong, the center of gravity moved upward and returned to the 10,000-1st line

At the macro level, China's easing of entry restrictions boosted the upward movement of currencies that rely on market risk appetite, and the dollar index fell
.

On the supply side, alumina prices continued to rise, and the price growth slowed down when purchasing just needed to slow down; Although the scale of production shutdown involved in power curtailment in Guizhou is not large, it affects the increase in supply side or is not as expected
.
On the demand side, the operating rate of domestic aluminum downstream processing enterprises remains weak, the operating rate of all sectors has declined, consumption is weak in the off-season, the number of domestic infections has increased sharply, the Spring Festival holiday is approaching, the impact on downstream construction and demand is greater, the number of enterprises on the holiday in advance has increased, the price of aluminum has exceeded 10,000, the spot discount of aluminum ingots has expanded, the holders have actively shipped goods, and the willingness to receive goods downstream is insufficient; In terms of inventory, both at home and abroad are at a low level, the domestic social library has accumulated, the early domestic epidemic affected transportation and the increase in the number of infected people led to slow entry of aluminum ingots, social inventory to warehouse, and the later stage to pay attention to the extent of
accumulation.

In terms of the market, the spot transaction price of the Yangtze River was 19040-19080 yuan / ton, up 300 yuan, and the premium was 65-105; Guangdong spot 19050-19110 yuan / ton, up 280 yuan, premium 75-liter 135; Hua reported 19090-19130 yuan / ton, up 300 yuan
.
In the morning, a large number of holders cashed out, and in the afternoon, the intraday moved up, the holders wanted to rise, the receiver was bullish and actively entered the market to purchase, and the trading activity was better than the previous day
.

During the day, the trend of Shanghai aluminum was strong, the center of gravity moved up to return to the Wanjiu line, stimulated by the liberalization of macro policies, aluminum prices rushed high and low inventory pattern continued to provide support
for aluminum prices.