February 22 aluminum market afternoon comment

Last Friday, the high of London aluminum fluctuated sharply to close the doji, closing at $
2136.
Shanghai aluminum opened high with Shanghai copper overnight, and the shock closed slightly negative downward, closing at 16460
.
Shanghai aluminum trading stable position rise, driven by other varieties, market confidence is strong, short-term aluminum prices may continue to be high, but there are certain hidden dangers
in the lack of spot demand.
The trend of Shanghai aluminum is weaker than that of Shanghai copper, and it may fluctuate
at a high level.
Upper pressure 16925, lower support 16000
.

From the perspective of industry fundamentals, the fundamentals have not changed much, and the market continues to speculate about the overall price center of gravity caused by the over-issuance of currencies and the recovery of demand
.
From the perspective of futures, Hulun aluminum rose to varying degrees, close to the long-term resistance area, and paid attention to the price performance in the face of resistance
.
Next week, aluminum prices are expected to fluctuate strongly
.