Shanghai aluminum runs at a low level The overall transaction is relatively general

Today's London aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 3203 US dollars / ton, up 4 US dollars, or 0.
13%,
from the previous trading day's settlement price.

Today's Shanghai aluminum low operation, geopolitical risk aversion heating up, and last week's surge in aluminum inventory disturbed market sentiment, coupled with the domestic downstream resumption time of the north and south and scattered, market demand performance is weak, Shanghai aluminum took advantage of the situation to pullback
.

In terms of the market, today's spot trading price of Yangtze River is 22550-22590 yuan / ton, down 350 yuan; Guangdong South Reserve reported 22720-22780 yuan / ton, down 370 yuan; Hua reported 22610-22650 yuan / ton, down 350 yuan
.
Aluminum prices in the spot market continued to fall sharply, but the price was still high, and the receiver purchased a small amount, mainly trading at low prices, and the overall transaction was more general
.

In terms of inventory, as of February 10, domestic social stocks increased by 84,000 tons from the beginning of the week to 950,000 tons, and the overall accumulated inventory was at a median level compared with the same period of previous years
.
After the holiday, the epidemic situation in Baise area of Guangxi has seen a round of growth, and more than 400,000 tons/year of production capacity has been affected, and some alumina supplies have been interrupted
.
At this stage, the number of production capacity affected by the epidemic is less than that that that will resume production in February and March, and it is recommended to pay attention to the downside risk
after excessive speculation in aluminum prices.