Shanghai aluminum trend is poor, short-term recommendations are mainly wait-and-see

The mutation of the new crown virus in the UK has triggered market fears of another large-scale outbreak of the epidemic, and risk assets such as crude oil and non-ferrous metals have experienced a large correction
in recent days.
However, the two parties in the United States previously agreed on a fiscal stimulus of $900 billion, coupled with the Fed's interest rate meeting, which said that it will increase bond purchases according to the situation, and liquidity is still relatively abundant
.

In terms of industry, the import profit space has opened up recently, and the import of electrolytic aluminum will increase
.
The social inventory of electrolytic aluminum continues to be low, which proves that the terminal demand is better, and it is necessary to pay attention to the arrival of the inventory inflection point
.

Intraday aluminum price trend is poor, domestic and foreign epidemic repeatedly caused market confidence to decline again and again, while approaching the off-season follow-up inventory has signs of accumulation again, under the influence of multiple negative factors aluminum prices or again appear to fall phenomenon, short-term recommendations are mostly wait-and-see, spot temporarily see whether it can continue to stand firm at the 16,000 mark, it is expected that tomorrow's spot aluminum will fall
.