The total inventory remains low and there is support at the bottom of Shanghai aluminum

Today, Lun aluminum is running high, and the LME three-month aluminum Beijing time is at 15:00 at 1980 US dollars / ton, up 11.
5 US dollars, or 0.
58%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 16110-16150 yuan / ton, up 20 yuan; Guangdong South Reserve reported 16190-16250 yuan / ton, down 30 yuan; Hua reported 16220-16240 yuan / ton, up 10 yuan
.
The market supply is relatively sufficient, the enthusiasm of large households to receive goods is acceptable, the overall trading is not active, and the transaction is average
.

Judging from the price difference between Shanghai and aluminum months, it is still playing the near-month card, that is, the warehouse receipt is tight
.
In addition, from the recently announced domestic aluminum social inventory again to the warehouse, showing the resilience of consumption, combined with the forecast of output and imports, apparent consumption demand is still performing better
.
However, the table does not reflect the real demand, from the downstream operating rate, processing fees and spot premium performance, the real demand is not satisfactory, especially the year is approaching, orders may face a month-on-month reduction, so there is always an expectation
of oversupply in the fundamentals around the current to the Spring Festival.
The current is also different from previous years, that is, the absolute price and profit are at the high level of this year, so it is necessary to be cautious
about the current round of electrolytic aluminum rise.