Spot market sentiment is generally Shanghai aluminum trend up and down dilemma

Today's London aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 2608 US dollars / ton, down 14 US dollars, or 0.
53%,
from the previous trading day's settlement price.

In terms of macro, the Central Economic Work Conference mentioned that it is necessary to realize the transformation of "dual control" of energy consumption to dual control of total carbon emission and intensity as soon as possible, and the release of electrolytic aluminum production capacity will continue to be limited in the medium and long term; Overseas, due to the serious inflation problem in the United States, the Fed's 22-year interest rate hike expectations are stronger, the US index remains high, it is recommended to pay attention to this week's Fed FOMC meeting
.

In terms of the market, today's spot trading price of Yangtze River is 19060-19100 yuan / ton, up 30 yuan; Guangdong South Reserve reported 19120-19180 yuan / ton, up 20 yuan; Hua reported 19130-19170 yuan / ton, up 30 yuan
.
The willingness of the holders to hold the price is strong, the willingness of the receiving party to bear the purchase has weakened, the trading atmosphere is general, and the overall trading volume is weaker than yesterday
.

On December 14, the spot aluminum price, the spot AOO aluminum ingot price of Yangtze River Nonferrous Metal Network was reported at 19070 yuan / ton, up 390 yuan; The price of Chinalco East China AOO aluminum ingots was 19,070 yuan / ton, up 380 yuan
.
The domestic aluminum ingot social library continues to destock to support aluminum prices, but the Fed interest rate is imminent, the market sentiment is cautious, Shanghai aluminum is under pressure, and aluminum or slightly falling
.

In terms of fundamentals, the pressure of power cuts in Yunnan and other places has eased, and production capacity in some parts of southwest China has gradually resumed production, but due to the environmental protection requirements of the Winter Olympics and the double-limit policy, the overall output is still running
at a low level.
On the cost side, as the price of alumina fell to 3,000 yuan / ton and the weighted average electricity price fell back to 0.
5 yuan / kWh, the production of some electrolytic aluminum smelting enterprises turned to a slight profit
.
On the consumer side, the holders covered the goods and shipped at the high, and the receivers were bullish on on-demand purchases, and the actual trading was weak
.

Intraday market bullish sentiment faded, aluminum prices gradually weakened, Shanghai aluminum main force fell below the 19,000 mark, short-term from the trend point of view, do not rule out the possibility of further decline, the lower support can continue to pay attention to 18,500; macro speaking, the market is worried about the Fed meeting to raise interest rates earlier, sentiment has weakened, long and short disturbance, it is expected that the recent aluminum price or weak shock operation
.