The high level of aluminum prices fell and ushered in a sharp decline

As of Friday, Lun Aluminum closed at $2875, a weekly cumulative decline of 9.
45%; Recently, due to the continuous profit of long funds out of the market, coupled with the sharp decline in market sentiment, aluminum prices fell in response, in addition to Powell's claim that it was time to start tapering bonds, undoubtedly exacerbated market concerns, short-term London aluminum trend still continued to be weak
.

In terms of the market, the market fell sharply, traders are not optimistic about the future market trend, the wait-and-see atmosphere is more serious, the market supply has tightened compared with last week, the replenishment situation of downstream enterprises is acceptable, and the replenishment of batches at low prices is the mainstay
.

East China: Affected by the collapse of energy coal, the market has panic, the metal has plunged, East China spot aluminum fell from a high around 24,000, as of Friday, the price is 21880-21920, the average price is 21900, down 1750 yuan / ton
from last Friday.
South China: As of Friday, the price of aluminum ingot tickets in South China was 22010-22110, with an average price of 22060
.
The market wait-and-see atmosphere is heavier, coupled with the impact of orders and power cuts, the overall market transaction has weakened
.

Overall, short-term London aluminum will maintain a weak range shock, next week may have a moderate rebound, but the range is limited, pay attention to the volatility range of 2800-2950 range
.