Shanghai aluminum is weak and volatile, and the market atmosphere is not performing well

In the external market, Lun aluminum fluctuated in a narrow range, and the LME was reported at 2384 US dollars / ton at 15:01 Beijing time for three months, up 14 US dollars, or 0.
57%,
from the settlement price of the previous trading day.

On the macro front, the US NAHB housing market index came in at 31 in December, the lowest since April 2020, and the expectation was 34 compared to 33
in the previous month.
ECB Vice President Kindos said interest rates
would continue at a similar pace to the last 50 basis points as officials try to curb soaring prices.

According to industry news, according to the China Association of Automobile Manufacturers, commercial vehicle production and sales reached 235,000 units in November and 253,000 units, down 11.
2% m/m and 7.
5% m/m, and down 33.
4% y/y and 23.
4%
y/y, respectively.

In terms of the market, the spot trading price of Yangtze River was 18680-18720 yuan / ton, down 40 yuan, and the premium was 120-160; Guangdong spot 18670-18730 yuan / ton, down 20 yuan, premium 110-liter 170; Hua reported 18740-18780 yuan / ton, down 30 yuan
.
Holders of high prices heated up, buyers wanted to lower prices to receive goods but achieved little results, and the overall trading performance was not good
.

Shanghai aluminum weak shock, the future market atmosphere is not good, non-ferrous metal trend affected, superimposed by the off-season and the Spring Festival approaching, consumption weakening is expected to rise, however, inventories have not accumulated and aluminum inventories are low, there is still support for prices, Shanghai aluminum closed slightly lower
during the day.