The consumer side is expected to be more optimistic and aluminum prices will maintain an upward trend

New cases in the United States and other regions fell sharply, the global epidemic is easing under the background of vaccine promotion, and the economic recovery is expected to make risk assets stronger, and Lun aluminum rose by about 1%
during the Spring Festival.
It is initially expected that the accumulation volume during the Spring Festival is similar to last year, and the "local holiday" may accelerate the recovery of consumption after the holiday, and if the accumulation volume after the holiday is low, Shanghai aluminum may continue to operate strongly
.
Pay attention to the accumulated data
of this morning's Spring Festival.

Affected by logistics and transportation before the holiday, the arrival of aluminum ingots in public warehouses was affected, and during the holiday, the weather conditions were good and the epidemic did not develop further, logistics is expected to return to normal, and the specific accumulation volume in the two weeks after the holiday is one of
the focuses of the market.

In the medium term, the pace of production in Yunnan after the holiday will accelerate compared with before the holiday, and the trend of continuous supply growth has not changed, but the consumer side is expected to be more optimistic, and major sectors such as real estate, automobiles, and photovoltaics are still expected to drive in the peak season, and the peak season will still enter the destocking situation
.
At the same time, the recent overseas epidemic is under control, and the economic recovery and fiscal stimulus policies will give strong support to prices at the macro level
.
Aluminum prices are expected to maintain an upward trend
.