Aluminum strengthens and spot weakens

LME is closed. Shanghai Futures Exchange today fluctuates in the trend of aluminum, the current month contract is currently reported at 16,390 yuan / ton. Although the period price is high, due to the weak consumption and the relatively high financial pressure at the end of the year, the spot price has not risen yet. The morning market price is basically below 16,300 yuan / ton, although the price is relatively stable, but the buying is weak, the market trading is relatively light, aluminum prices fell in the tail market. Today's trading range is between yuan/ton. In the face of sluggish consumer spending, the collection of tariffs has also put pressure on the market. The local copper price remains high, and the supply is tight to support the price. In the face of high prices, copper companies rarely enter the market and market consumption is weak. Copper prices lack upward momentum above 30,500 yuan/ton, and will maintain high volatility in the short-term. From December 1st to December 27th, the total capacity of the South Reserve was 36,591 tons, with a total inventory of 13,725 tons.

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