February 18 Shanghai aluminum brief comment

During the Spring Festival, the trend of the external market is good, the overseas epidemic slows down and the maintenance of the US easing policy is favorable to the upward trend of aluminum prices, in addition, although the inventory during the Spring Festival is still accumulated, but the market has some confidence in the consumption after the year, short-term aluminum prices or maintain a high level of strong operation, the main force temporarily concerned about the 16,000 above the shock, the operation can be bought on demand, it is expected that spot aluminum will rise
tomorrow.

The performance of
colored outer discs during the Spring Festival.
As of 4 pm today, LME nonferrous varieties are generally higher than before the Spring Festival, but aluminum has the weakest increase
.
Only 0.
9%, the impact on the domestic is low
.
However, due to the market's pursuit of other colored metals, the probability of achieving a good start is relatively large
.

In the market, the price of Chinalco East China AOO aluminum ingots was 15770 yuan / ton, up 30 yuan
.
During China's holiday period, LME aluminum inventory continued to deteriorate, inventory was generally at a low level, domestic pre-holiday accumulation was less than expected, low inventory after the holiday is expected to continue, and spot aluminum prices are expected to rise
.