On the 12th, China Gold Network analyzed: LME stocks decreased by 8,250 tons to 1,213,125 tons on Monday, and three-month aluminum closed down 0.51% to 1855.5 US dollars per ton. Shanghai Aluminum Night Trading Co., Ltd. fell 0.07% to 13,490 yuan.

In the spot market, the trading atmosphere between traders is still acceptable. The downstream processing enterprises are not as good as receiving the goods on Friday. They are more wait-and-see or on-demand purchases.

In terms of industry, recently, according to Chongqing Xinge Nonferrous Metals Co., Ltd., the second phase of the company's reclaimed aluminum construction project, which is located in Gangqiao Industrial Park, Chongqing Yongchuan High-tech Zone, will be put into operation. The project will use the original 120,000 tons/year recycled aluminum production line technology. It was changed to 168,000 tons/year, and a new production line with an annual output of 120,000 tons and a special alloy production line with an annual output of 12,000 tons were built. After completion, the total production capacity will reach 300,000 tons per year.

The current downstream of aluminum has recovered, social stocks may face an inflection point, and there is a slight support for the price of plate metal. However, the supply pressure of electrolytic aluminum is still large, and the supply pressure at the cost end of the market is also large, so the cost down is expected to remain unchanged.

Considering that the uncertainty of the news in the week is still too much, the price of aluminum is difficult to get out of the trend when the current trading rhythm is still unclear.