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Last week, Shanghai aluminum showed a narrow range, and the main 2105 contract closed at 17485 yuan, down 30 yuan
for the week.
Aluminum prices remain in a narrow range, and the overall price center of gravity continues to fluctuate
around 17500.
From a macro perspective, under the background of global monetary easing and gradual economic recovery, the overall price of bulk industrial products has gradually risen
.
Biden's fiscal stimulus policy has been gradually introduced, and the 2 trillion yuan of infrastructure materials in the United States has a significant pulling effect
on the demand for bulk industrial products.
Industry fundamentals, Hulun aluminum inventory is generally normal, downstream demand continues to improve, and the situation of supply and demand continues
.
Recently, the market has begun to speculate about the impact of carbon neutrality policies on industrial products such as aluminum, and aluminum prices have remained strong overall
.
At present, the total domestic social inventory of electrolytic aluminum is 1.
228 million tons, down 23,000 tons
from last week.
Since the beginning of this year, the social inventory of electrolytic aluminum has begun to continue to increase, and it has accumulated about 600,000 tons, and the accumulation strength is at a medium level.
Downstream enterprises are always afraid of heights, and procurement is more cautious
.
At present, the social inventory of electrolytic aluminum has increased significantly, and it is doubtful
whether aluminum prices can maintain a high level after the carbon neutrality speculation fever has passed.