The market bearish atmosphere is strong, and aluminum demand continues to be weak

Data released yesterday showed that China's aluminum exports in February decreased year-on-year, indicating that aluminum demand continued to be weak, and overnight Lun aluminum extended its decline, with the latest closing price of $1566 down $32, down more than 2%; Today's Shanghai aluminum current month 1603 contract opened at 11320 yuan, down 25 yuan, 9:20 Shanghai aluminum 1603 contract latest price is 11190 yuan, down 155 yuan; Today's market bearish atmosphere is strong, oil prices continue to weaken or suppress market risk sentiment, intraday Shanghai aluminum or weak consolidation
.

The latest inventory of London Metal Exchange (LME) 9-day London aluminum was 2859150 metric tons, an increase of 54,450 metric tons from the previous trading day's inventory, and the latest inventory of aluminum alloy was 16,100 metric tons, unchanged
from the previous trading day.

Yesterday's spot aluminum prices in the domestic market remained stable, AOO aluminum ingots reported 11230-11270 yuan / ton, the average price was 11250 yuan / ton, up 10 yuan / ton, and the AOO aluminum ingot price in East China of Chalco was reported at 11410 yuan / ton, up 100 yuan / ton; Today, Shanghai metal fell across the board, Shanghai aluminum fell sharply, and spot aluminum may follow suit
.

China's imports of unwrought copper and copper products in February were 420,000 tonnes, down 4.
5 percent
from the previous month, according to data released by China's General Administration of Customs on Tuesday, according to data released by China's General Administration of Customs on Tuesday.
China is the world's
largest consumer of copper and aluminum.
China's exports of unwrought aluminum and aluminium were 280,000 tonnes in February, down from 380,000 tonnes
in January, the data showed.