The downstream still showed a calm period of aluminum shock decline

In terms of the external market, Lun aluminum opened at 1723 US dollars / ton in the morning, after the opening it fluctuated back down all the way down, during the short struggle to test 1720.
5 US dollars / ton but still did not change the downtrend, as of 17:40 Lun aluminum closed at 1712 US dollars / ton, down 12.
5 US dollars / ton, down 0.
72%, the volume decreased 6028 hands to 1306 hands, closed at the small black line, the center of gravity is below all moving averages, the daily KDJ three lines continue to face down, MACD red line shortened
。 From the recent trend, Lun aluminum is mainly range-bound, under the background of the strengthening of the US index, it is expected that it will be difficult to have a sharp recovery trend in the evening, and the European and American data in the evening is more intensive, paying attention to the impact of
the US index on surrounding metals.

Aluminum fell back before noon in the month
.
The mainstream spot trading price in Shanghai, Wuxi and Hangzhou markets is concentrated between 13590-13610 yuan / ton, which is the same as the previous day's price, and the spot premium is between 70 ~ 60 yuan / ton
.
Holders actively shipped goods during the day, but helplessly the middlemen were not enthusiastic about receiving goods, the two sides showed a stalemate on the transaction price, as the aluminum price fell before the afternoon, the holder's quotation also fell, and the actual transaction between the buyer and seller was average
.
The downstream performance is still calm, and the stocking is not obvious
.
East China intraday trading is relatively light
.
In the late afternoon, the aluminum range fluctuated, and the holder's quotation was around 13600 yuan / ton, and the discount on the plate was about 60 yuan / ton, and there were few transactions
.

At the macro level, China's social finance data reached a new high in January, and M2 maintained a growth rate
of 8.
4%.
The recent strength of the dollar index has put pressure
on non-ferrous metal prices.
In terms of industry, LME aluminum fell back to $1713/ton, and inventories decreased by 11525 tons, mainly due to the reduction
of warehouses in Asia.
In addition, Thursday's social inventory continued to increase sharply, but the price of alumina climbed to 2503 yuan / ton
.
In the context of the backlog of raw material costs, smelting margins are expected to be further compressed
.
Aluminum prices will remain volatile around 13500-13900 yuan / ton, and the policy stimulus in Q2 still needs attention
.