Analysis Of Aluminum Price

- Jan 22, 2019-

Under the favorable policy, the price of aluminum rose on Friday and the price of aluminum rose slightly. From the fundamentals of aluminum, there is currently no driving force for the upside. In terms of supply, new capacity has been put into production in January. The overall consumption is weak before and after the Spring Festival, and stocks will also start a high level of accumulation before the Spring Festival. In terms of cost, alumina prices have been falling, and Hydro's resumption of production has passed. In the short term, alumina prices still have room for downwards. The cost of electrolytic aluminum is still in the downward channel, and the price support is weak. This round of rebound is mostly short-term impact, and the medium-term aluminum price is not weak. During the day, the price of aluminum may still rebound under the influence of emotions.