Aluminum News（2）
The main factors affecting the price of Shanghai Aluminum this week and the hot spots in the market need to be paid attention to:
1. At the macro level: due to the good economic data, the marginal expectation of the overseas interest rate increase is rising, and the domestic market is in the cashing period of verifying the "strong economic recovery". Judging from the loan and social finance data, the probability of the expected marginal increase being less than the expected is large. At the macro level, the overall industrial product price is suppressed.
2. Supply side: Yunnan aluminum enterprises received a formal document notice on Saturday that, except for an aluminum factory in Wenshan, the overall re-pressure ratio of the rest is not less than 20%, which theoretically affects the electrolytic aluminum production capacity of about 810000 tons.
3. This week, the downstream operating rate of leading enterprises in aluminum processing plants rose to 61.5%, with a month-on-month increase of 1.7%. Downstream work resumed orderly, and the demand of enterprises gradually increased.
4. As of February 19, the weighted average cost of electrolytic aluminum (Shandong) was estimated to be 15560 yuan/ton. The decline of cost was due to the continuous decline of anode and coal prices. Pay attention to the coal price trend after the supply increment was determined in the later period.
