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Last week, the main force of Shanghai aluminum broke through the 15,000 mark, the highest climbed to 15,155 yuan, the price of aluminum is limited, the pressure of the main force of Shanghai aluminum 15,000 mark remains, next week does not rule out the risk
of continuing to fall.
Last week, Lun aluminum fluctuated in the 1960-2010 US dollar range, from the trend point of view, lack of favorable boost, aluminum price increase is limited, Lun aluminum 2000 mark pressure remains, short-term material shock pattern is difficult to change
.
Hulun aluminum pressure area has different degrees of pullback, Shanghai aluminum is facing an important support area below, the decline space is limited, began to continue sideways, short-term aluminum prices are mainly volatile
.
In terms of news, after the handover of the US president, the epidemic in Europe and the United States continues to spread, and the domestic epidemic has risen, but it cannot be compared with the same period last year, and the impact on downstream demand is limited
.
In terms of the market, approaching the Spring Festival, downstream enterprises are gradually on holiday, some have stopped work, dragging down market demand, traders are also less motivated to enter the market, the supply of goods is more abundant, and the transaction is mostly reflected in the Spring Festival inventory of enterprises that have not yet stopped work
.
Volume is expected to decline
next week.
Approaching the Spring Festival holiday, downstream demand weakened, and domestic aluminum inventories continued to increase
.
The spread between Shanghai and aluminum futures contracts narrowed further, while spot premiums strengthened, mainly due to the expiration of the January contract
.
Recent inventory changes are still the key to affecting aluminum prices, and if inventories continue to increase, aluminum prices are likely to continue to decline
.
