Insufficient support on the cost side, aluminum prices fluctuated at a low level

Today's London aluminum volatility weakened, LME three-month aluminum Beijing time at 15:00 at 2008.
5 US dollars / ton, down 4.
5 US dollars, or 0.
22%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 16470-16510 yuan / ton, unchanged; Guangdong South Reserve reported 16470-16530 yuan / ton, down 30 yuan; Hua reported 16590-16610 yuan / ton, flat
.
The purchaser is mainly wait-and-see, the demand performance is light, and the transaction activity is average
.

Trade firm Marubeni said on Monday that the premium paid by Japanese buyers for aluminum in 2021 will rise to $
90-135 per tonne due to a recovery in demand in the automotive and construction sectors.
Japan is Asia's largest importer of aluminum, and the premiums it pays quarterly are a bellwether
for the region.

Overall, the global manufacturing recovery is strong, aluminum fundamentals have improved, Biden's victory after the multilateral cooperation of countries smoother, the global economic recovery has been promoted, recently Shanghai aluminum main force in the impact of the bulls profit exit, the pullback is large, has been down to the 10-day moving average, and 16 places social inventory for 2 consecutive periods of recovery, inventory has a turning upward trend, short-term strategy is recommended to wait and see
.