Brief review of Shanghai aluminum on March 10

By observing the current operating rate of downstream enterprises, the actual start of some enterprises in South China and Central China due to the epidemic is not good, coupled with the sharp rise in the market after the year, the market fear is more obvious, the actual downstream demand has not increased greatly, so the current inventory continues to increase, but with the arrival of the peak season, the demand is expected to be better under the support of aluminum prices will gradually strengthen, and there is still a possibility
of recovery in aluminum prices in the future market.

On the supply side, daily production is expected to pick up month-on-month in March, and overall domestic electrolytic aluminum production will continue to run
at a low level.
Overseas aluminum interference is large
.
On the consumer side, downstream demand is slowly recovering
.
In the medium and long term, supply growth is relatively slow, the demand-side market has expectations for marginal relaxation in the real estate sector, the country's future UHV construction scale is unprecedented, the market is expected to be good for aluminum demand, and aluminum prices remain optimistic
.