The overall trend of Shanghai aluminum is weak, and there are still repetitions in the short term

In terms of external trading, the LME aluminum fell sharply to $2,090 at the beginning of the March week, and the price once rebounded to the week's high of $2126.
5 before falling back down again, and the price fell to a low of $2,070.
5 and stabilized slightly, closing at $2,084.
5 at the time of writing, down $35.
5, or 1.
67%
for the week.

In terms of the market, the spot market has basically resumed normal trading this week, trading is mostly based on traders arbitrage and value preservation, market shipments have increased, downstream has entered the market to take goods, the overall trading is acceptable, Thursday trading is more active
.
On Friday, the shipholders were active in shipments, and the middlemen were more willing to receive the goods, but the quotation stalemate made the shipment slightly difficult, and the later holders adjusted the price and shipment, and the overall transaction was average
.

In terms of news, the reduction of primary aluminum production in the winter heating season continues to stimulate aluminum prices, aluminum rod inventory has decreased, indicating that downstream consumption is gradually recovering, the cost support below is also better, but aluminum inventory is still slowly rising, heating season production after the end of this week to face the resumption of work, supply continues to increase, short-term easy to fall and difficult to rise, aluminum market may continue to face the risk
of pullback.

On the technical side, Zhou K on the Shanghai aluminum index KDJ dead cross, MACD dead cross, the price broke downward; On the daily K, MACD dead cross, KDJ dead cross, the moving average shows a bearish trend, the short-term price has a repeat around 14,000 yuan, but the overall trend is weak, and there is still room for decline below
.