The trend of aluminum prices is weak, and there is still a possibility of falling back

In terms of external trading, last week's London aluminum narrow range volatility is the mainstay, the overall trend is relatively stable, the rise and fall is small, located in the 1980-2030 range oscillation, the weekly cumulative decline of about 0.
2%; During the week, the market pinned its hopes on the launch of Biden's new round of stimulus plan, and macro sentiment improved slightly, but the continued spread of the epidemic also had a continuous impact on the aluminum market, and the upward trend of aluminum prices was suppressed, and the short-term trend of aluminum may gradually stabilize
.

In terms of the market, the downstream demand fell significantly last week, and enterprises generally reflected that this year will be closed in advance due to epidemic prevention and control, and the aluminum price market is also unstable, resulting in a strong wait-and-see mood among downstream enterprises, not positive in receiving goods, dragging down market transactions, and it is expected that as the year closes, the transaction volume will gradually decline
.

East China: The northern epidemic disturbed market sentiment, coupled with the approach to the Spring Festival, downstream orders fell more obviously, electrolytic aluminum inventories accumulated, last week aluminum prices fell sharply, especially in the first 4 days, a single-day decline of more than 300 yuan for two consecutive days, Friday appeared to stop the decline and rebound, back some of the decline, the current East China spot aluminum price between 14920-14960 yuan / ton, down 770 yuan / ton from last Friday, spot in a flat state
.

South China: As of Friday, Foshan Nanhai aluminum ingot ticket price between 15170-15270 yuan / ton, down 800 yuan / ton from last Friday, the decline has expanded compared with East China, it is understood that local aluminum profile enterprises are more early holiday, and due to the impact of the market, the enthusiasm for stocking is not high, and the overall market transaction is weakened
.

Under the seasonal weakening of consumption, domestic social inventories are also continuing to accumulate, aluminum prices are under pressure is more obvious, in addition, the frequent fluctuations of the epidemic in Hebei have also aggravated market pessimism, but the recent stimulus plan by the United States, short-term aluminum price trends may improve, but in the medium and long term, it is still necessary to pay attention to the accumulation of inventory, the fundamentals have not improved, the aluminum price may be difficult to rise to a high level before the next year, the main force of Shanghai aluminum can temporarily pay attention to the range of 1.
45-15,100 range shock, it is expected that next week spot aluminum or first rise and then fall, the
。