Brief review of Shanghai aluminum on February 5

On the macro front, the number of unemployed in the United States was better than expected, supporting the rebound of the dollar; In terms of fundamentals, although the number of ingots increased before the holiday, the arrival of goods was relatively slow, and the peak of inventory arrival was less than expected; Electrolytic aluminum production continues to expand, consumption will gradually enter holiday mode, trading weak
.

At present, the market bullish sentiment before the holiday is still very strong, most of the non-ferrous metals in Shanghai turned red, based on the expectation of rising consumption after the year, it is expected that aluminum prices will maintain a strong trend of volatility before the year, the upper can temporarily pay attention to the pressure level of 16,000, the lower look at 15,000 support, the operation is recommended to stock up on demand, and it is expected that spot aluminum will maintain a high level next
week.