The low inventory pattern is difficult to change in the short term, and the bottom support of Shanghai aluminum still exists

Today's Lun aluminum trend is like a "roller coaster" ups and downs, LME three-month Beijing time at 15:01 at 2456 US dollars / ton, down 1 US dollars, or 0.
04%, from the previous trading day's settlement price

Today's Shanghai aluminum rushed back down, intraday strong shock, macro atmosphere is warm, Goldman Sachs and foreign investment banks sing more Chinese assets, risk appetite has heated up sharply, superimposed on precious aluminum power cuts and production reduction There is still an expansion trend, supporting the price, but it should be noted that the accumulation pressure brought about by the weakening of the demand side will limit the height
of aluminum prices to further rise.

In terms of the market, today's spot trading price of Yangtze River is 18050-18090 yuan / ton, up 80 yuan, discount 80-discount 40; Guangdong spot 18120-18180 yuan / ton, up 140 yuan, discount 10-liter water 50; Hua reported 18140-18180 yuan / ton, up 110 yuan
.
The spot market showed a situation of more receiving and less, with holders following the price adjustment of the plate, receiving parties continuing to replenish on demand, large households receiving goods at low prices, and a small number of transactions
were successively completed.

In terms of news, China's social financing in December was higher than expected, with new RMB loans of 1.
4 trillion yuan, rebounding from the previous month, which boosted the metal market, because it means that the central bank continues to support economic growth, and the current domestic policy will continue to exert force, and the market expectation is optimistic; and in the industry, the news of Alcoa alumina production cuts continues to ferment, there are cost factors on the fundamentals, coupled with the low inventory pattern is difficult to change in the short term, giving the bottom support of aluminum prices, and aluminum is expected to rise
.