Shanghai aluminum shock weak near the end of the year, the spot market transaction is sluggish

In the external market, Lun aluminum fluctuated sharply, and the LME was reported at 2386 US dollars / ton at 15:01 Beijing time for three months, down 3 US dollars, or 0.
10%,
from the settlement price of the previous trading day.

Shanghai aluminum shock weak intraday, China's December PMI data was less than expected, once dragged down the metal trend, coupled with the downstream processing off-season characteristics are obvious, aluminum ingot social library began to turn to accumulation, the price pressure is more and more obvious, intraday aluminum decline continues to expand
.

In terms of the market, today's spot trading price of Yangtze River is 18300-18340 yuan / ton, down 360 yuan, discount 40-discount 0; Guangdong spot 18280-18340 yuan / ton, down 370 yuan, discount 60-discount 0; Hua reported 18350-18390 yuan / ton, down 360 yuan
.
Holders were unable to support prices and lowered prices for shipments, and receivers on the first day after the holiday were more wait-and-see and were not eager to enter the purchase, and the transaction performance was unsatisfactory
.

In terms of news, the People's Bank of China has increased the implementation of prudent monetary policy, and precious aluminum is expected to increase production reduction, but the downstream operating rate continues to decline, the spot market transaction is sluggish, and it is close to the end of the year, most enterprises have a holiday in advance, resulting in an early weakening of consumption, and the export market is weak, and the aluminum is expected to fall.