Shanghai aluminum rose weakly, short-term shock trend unchanged

Externally, the LME aluminum March contract opened slightly lower at $2136.
5, then rushed up to $2147, and pulled back again before closing, closing at $2140.
5, down $0.
5, or 0.
02%.

In terms of the market, the mainstream trading period of the spot market trading level is general, the enthusiasm of holders to ship remains unchanged, some traders in the early days continue to be bullish on aluminum prices and long-term orders need to receive goods actively, downstream demand generally does not improve significantly, in the afternoon with the high price of aluminum pullback, the transaction turned weak
.

In terms of news, relevant data show that the latest social inventory of electrolytic aluminum decreased by 22,000 tons from last week to 1.
684 million tons, focusing on the sustainability of the decline in inventory
.
China's winter production season is coming, aluminum production decline will alleviate the domestic market oversupply concerns, spot aluminum performance resistance, but recently with the cost of electrolytic aluminum up, the industry's ton gross profit has fallen
sharply.
It is expected that in the short term, with limited positive news, the range-bound situation is expected to continue
in the short term.

At present, the lack of good news support, aluminum prices rise weakly, Shanghai aluminum to maintain a stable trend, the main 1712 contract closed up 0.
06% to 16260, up 10 from the previous trading day, technically, short-term aluminum price volatility trend unchanged, little room for rise and fall, Shanghai aluminum continued to fluctuate in the 16100-16500 range
.