There is still support below the aluminum period, and the downward trend is not expected to be smooth

In terms of the external market, the London aluminum March contract opened at 1794 US dollars / ton in the morning, the morning trend of the Asian trading session was strong, steadily stepping above the moving average, but failed to break through the $1800 mark, the afternoon turned sharply down, giving up all the gains after the opening, after the opening of the European trading session, the market stopped falling and stabilized, as of 16:03 Beijing time the market price was 1794 US dollars / ton, the hourly line was below the middle rail of the Bollinger track, and the aluminum was running
between 1790 ~ 1800 US dollars.

In terms of the market, aluminum fell slightly after a slight climb before noon that month
.
In the morning, the transaction price of Shanghai Wuxi market was between 14370-14390 yuan / ton, and the opposite plate premium was 10-20 yuan / ton, which was nearly 100 yuan higher than the previous day's price, and a small amount of spot purchase price in a large household was around 14000 yuan / ton, and the spot price in Hangzhou was around
14390-14400 yuan / ton.
At 10:30, aluminum fell slightly, and the spot trading price of aluminum ingots in Shanghai and tin began to be concentrated between 14370-14380 yuan / ton, and the flat water on the opposite plate rose between
20 yuan / ton.
Due to the sharp rise in spot prices, the holders are actively shipping, the middlemen are active in pouring goods, there are more receivers, the market transaction is acceptable, as the aluminum price falls, the holders begin to sell at a high price, shipments converge, some middlemen still have a strong willingness to receive goods but the actual transaction is not much
.
The downstream is still waiting for the aluminum price that has risen for several consecutive days, and there are not many goods received at high prices, which is relatively light
.
In the late afternoon, the center of gravity of aluminum sank slightly, there were not many market shipments, some holders quoted around 14360 yuan / ton, the monthly premium 10-20 yuan / ton, although the middleman wanted to continue to receive goods, but the carrier quotation was not very recognized, the two sides almost no deal
.

Electrolytic aluminum has risen twice since last week under the double impact of natural disasters and man-made disasters, and there is no official news about the shutdown caused by the Xinjiang explosion, but market sentiment has fallen, and aluminum prices have fallen back to around
14320.
Short-term electrolytic aluminum consumption is still weak, aluminum ingot inventory is volatile, and outbound volume continues to decline
.
The price of alumina on the cost side has rebounded slightly, but the rebound momentum is limited in the context of the overall oversupply, the industry's profits have expanded, and the production speed of electrolytic aluminum has accelerated
.
The weakness of consumption and the low cost make the aluminum price impulse insufficient, but in the case of unclear supply disturbance, there is still support below the aluminum price, and the downward trend is not expected to be smooth, it is recommended that after the news of the production cut is further clarified, the activist can test the short position lightly, and the 14400 line is used as a defense
.