Aluminum prices fluctuated at a high level, and the market expects consumption to pick up after the holiday

In terms of news, Bose has gradually lifted community control in recent days, transportation has gradually returned to normal, and the local and surrounding electrolytic aluminum plants and alumina plants have weakened the expectation of stopping production due to difficulties in the transportation of raw materials
.
The overseas European energy crisis is still fermenting, and production cuts may expand
again due to the greater uncertainty of overseas natural gas supply before the spring season in March.

In terms of fundamentals, Yunnan, Inner Mongolia and other places have begun to resume production
one after another.
In terms of consumption, the downstream is still in a state of gradual resumption of work, and it is necessary to pay attention to the impact
of the epidemic and environmental protection control in the north on the downstream resumption of work.

In terms of inventory, the latest domestic social library data shows that the accumulation range is not as large as in previous years, and it is necessary to pay attention to the interference
of the epidemic in southwest China on the transportation of aluminum ingots.
On February 15, domestic aluminum ingot stocks were 994,000 tons, 45,000 tons
more than last Thursday.
LME aluminum inventories fell by 8,700 tonnes from the previous session to 860,000 tonnes
on Feb.
14.

In terms of prices, the threat of the energy crisis to overseas electrolytic aluminum production capacity may continue to the beginning of spring, and with the resumption of construction in various places after the holiday, driven by real estate stock construction, completion and infrastructure projects, consumption can be expected to pick up, but it is necessary to be wary of the fluctuation of market expectations for interest rate hikes in the late first quarter, and it is recommended to unilaterally treat
the idea of bargain hunting and long.