On the 14th, China Gold Network analysis: LME stocks decreased by 7,350 tons to 1,198375 tons on Wednesday, three-month aluminum closed up 1.38%, reported 1903.5 US dollars per ton, Shanghai aluminum night trading main contract rose 0.70%, reported 13,680 yuan.

In terms of spot, downstream manufacturers are holding a wait-and-see attitude toward metal prices, and they are afraid of high sentiment. They are more likely to wait for the price to fall after the change of the month. According to statistics, on March 11, the domestic inventory of aluminum ingots decreased by 0.3 million tons to 1.77 million tons.

The prospects for Sino-US economic and trade consultations are optimistic. The current downstream of aluminum has recovered, and the national social inventory is facing an inflection point, which has a slight support for the disk price.

Although there is still news of low-cost alumina impact market, with the marginal tightening of ore supply, the profit margin of alumina enterprises has become more difficult to compress, and the passive decline in operating rate may stabilize the price of alumina. The expected phased corrections will continue to be supported by aluminum prices.

At present, the atmosphere of the aluminum market continues to warm up, and the aluminum price may continue to rebound, but it is not appropriate to be overly optimistic, and it is still necessary to look at the scale of production reduction.