The pre-holiday aluminum price adjustment is large, and the space below is limited

In terms of external trading, today's Lun aluminum trend is strong, LME three-month aluminum Beijing time at 15:00 at 1961.
5 US dollars / ton, up 1 US dollars, or 0.
05%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15170-15210 yuan / ton, down 30 yuan; Guangdong South Reserve reported 15140-15200 yuan / ton, down 40 yuan; Hua reported 15280-15300 yuan / ton, down 40 yuan
.
The circulation supply is sufficient, traders are waiting and seeing, the enthusiasm of large households to receive goods is general, and the transaction activity is weak
.

On the macro front, the PMI in January was 51.
3%, down 0.
6 percentage points from the previous month, and it was above the boom-dry line for 11 consecutive months, and the expansion of production and demand was weaker than that of the previous month, showing a seasonal decline
.
In terms of fundamentals, the domestic epidemic rebounded, and the amount of ingots cast by aluminum plants continued to increase, but the logistics were tight and the arrival of goods was slow; Electrolytic aluminum production continued to expand, and consumption slowed down significantly
.

At present, the consumption off-season, pre-holiday consumption is generally stable, accumulation is less than expected, the market is generally optimistic about post-holiday demand, pre-holiday aluminum price adjustment is large, the space below is limited, while the peak of accumulation has not arrived, and the upper stop profit resistance is strong
.