Aluminum market afternoon review on December 15

Coal rose yesterday, Lun aluminum rushed back down and closed at $2622, Shanghai aluminum opened slightly lower in the night session, and closed in a narrow range to close the doji, closing at 19160
.
Shanghai aluminum trading positions declined, and market sentiment returned to neutral
.
Policy factors have led to inactive trading of Shanghai aluminum, but the fundamentals have improved, and the future market may continue to fluctuate upward with Lunaluminum aluminum
.
Upper pressure 22000, lower support 18500
.

From a fundamental point of view, the supply side has remained stable in the near future, and the demand for downstream processing links has increased
slightly.
In addition, the demand of the north and the south has diverged, and the profile enterprises in Foshan have recently resumed full production, but the north is still constrained by seasonal factors, and it is expected that the overall demand will not improve greatly before the end of the year
.

From the perspective of inventory, the domestic social treasury on Monday was significantly destocked by 37,000
compared with last Thursday.
Overseas, LME inventories rose sharply on Tuesday, rising by 67,750 tonnes to around 977,400 tonnes, up 7.
45%.

Overseas inventories increased more than expected, which dragged down aluminum prices in the short term
.
It is recommended to continue to pay attention to domestic and foreign inventory changes
.