Analysis Of Aluminum Price On February 28, 2019

- Feb 28, 2019-

On the macro level, the Sino-US economic and trade consultations have made substantial progress, and the United States will postpone the measures to impose tariffs on Chinese products on March 1. The market expects that the trade friction will greatly reduce the damage to economic growth; the supply side, (IAI) According to published data, global primary aluminum production in January decreased by 23,000 tons from the previous month to 2.185 million tons, a decrease of 33,000 tons compared with the same period of last year. The large-scale loss of aluminum enterprises made the short-term supply end pressure limited; demand side, aluminum downstream Enterprises have resumed work, and accumulated inventory pressure during the Spring Festival is expected to gradually ease; but short-term inventories continue to accumulate pressure on aluminum prices. On February 25, domestic electrolytic aluminum stocks reached 1.17 million tons, a large increase.