On the 13th, China Gold Network analyzed: LME stocks decreased by 7,400 tons to 1,057,725 tons on Tuesday, three-month aluminum closed up 1.19%, to 1877.5 US dollars per ton, Shanghai aluminum night trading main contract rose 0.52%, to 13,580 yuan.

In terms of spot, the market has sufficient supply, and the holders are very active in shipping. The downstream has a wait-and-see attitude toward prices, and the purchasing intention is not high, and the receipt is flat.

The Sino-US economic and trade consultations have made progress, and the current downstream of aluminum has recovered. The social inventory may face an inflection point and slightly support the disk price. At present, the logic of tax reduction has basically been completed, and the focus of contradictions is shifting to the fundamentals.

As the price of alumina continues to decline, corporate profits have gradually moved closer to cash costs. In the case that the cost space has been difficult to compress, the price of alumina metal may be stabilized in stages.

The cost will continue to fall as expected with a phased correction, or will be given aluminum price support. The inventory turning point is on schedule, which also boosts the bullish confidence of the bulls.

It is expected that the scale of electrolytic aluminum production will be difficult to expand and new capacity will be released as scheduled. The driving force of the aluminum market is not strong.

It is expected that the aluminum price will remain weak after a short rebound.