Spot trading is relatively light The center of gravity of Shanghai aluminum is expected to continue to shift

In terms of external trading, both internal and external trading during the week was closed on Wednesday due
to the New Year's Day holiday.
Lun Aluminum opened at 1817 US dollars / ton at the beginning of the week, due to holiday factors, the capital side was more optimistic, and the long position increased to help Lun Aluminum rush to the highest position of 1830 US dollars / ton in the week; On Tuesday, the bulls took advantage of the high and left the market, the price fell back from the high, and the daily K-line fell to near the 5/10-day moving average; The market was closed for a day on Wednesday, and after a slight climb at the opening on Thursday, it turned around and fell back quickly, and the bulls reduced their positions to close another black candle; On Friday, the weakening of European currencies pushed the US index higher, coupled with the decline of domestic Shanghai aluminum suppressed, as of 18:52, Lun aluminum closed at 1789 US dollars / ton, temporarily closing a medium black line
.

This week, the domestic electrolytic aluminum social inventory ended the destocking cycle, with a weekly increase of 18,000 tons, consumption continued to weaken, and the main center of gravity of aluminum is expected to continue to move
down next week.
As the current spot inventory is relatively low and the spot premium remains at a high level, the probability of running the current month's contract next week is high, and it is necessary to continue to pay attention to the impact
of spot premium level and consumption intensity on the sentiment of long and short bears.

Spot trading this week is relatively light, which is significantly inferior
to last week.
Shanghai and Wuxi market this week spot price between 14470-14570 yuan / ton, the weekly average price increased by nearly 20 yuan / ton compared with last week, the actual spot premium in the week is between 140-170 yuan / ton, Hangzhou spot price is between 14480-14570 yuan / ton, due to this week's New Year's Eve, invoice factors, the beginning of the week December ticket price compared with January ticket price is nearly 30 yuan / ton
。 This week's spot circulation is tight, and there is a price difference of nearly 40 yuan / ton between different brands, the market circulation of Tianshan, Lanjiang and other brands of aluminum ingots is more than its Asia and Yulin and other brands, the shipholder's shipments this week are significantly converged compared with the previous period, although the middleman has a significant willingness to receive goods, but the actual transaction between the two sides is general, a large household purchases less this week, and most of the procurement plans have not been implemented
.
The downstream received goods this week is more general, before New Year's Day did not show a significant willingness to stock, the price is afraid of high attitude, and as the orders of downstream manufacturers weakened, they did not actively receive goods near the weekend, and this week was mainly
on-demand.