January 5 Shanghai aluminum brief comment

Financial markets have returned from the festive atmosphere, and several short-term core focuses of the market are the pandemic vaccine race, the political situation of major countries and the form of
economic recovery.
At the end of the year and the beginning of the year, major economies such as Europe and the United States maintained the trend of monetary easing and fiscal stimulus, and the market expected that vaccines would contain the global pandemic threat of variant viruses in the future, which boosted the risk appetite of the financial market, but the transfer of political power in the United States and the latest measures of the Biden administration remain to be seen.

At present, the high macro optimism has a certain role in promoting the rebound of aluminum prices, but due to the slowdown in domestic pre-holiday demand, the supply and demand side has gradually weakened, coupled with the accumulation of inventory is expected to come, long and short intertwined Shanghai aluminum overall rise space is limited, short-term aluminum prices or continue the range shock trend, below continue to pay attention to the 15000 support level, the operation is not recommended to continue to chase up, holders can take advantage of high shipments, downstream a small amount of on-demand purchase or wait and see, it is expected that tomorrow's spot aluminum shock is stable
.