长江有色: 春节前最后交易近乎停滞 13日铝价或下跌

Group 1 - The global aluminum market is experiencing downward pressure due to a combination of factors, including a strong U.S. labor market reducing expectations for interest rate cuts and a sell-off in technology stocks, leading to a decline in aluminum prices [1][2] - As of February 12, the London aluminum price closed at $3,098 per ton, down $19 or 0.63%, while the Shanghai aluminum price for the main contract closed at 23,395 yuan per ton, down 215 yuan or 0.91% [1][2] - The upcoming Chinese New Year holiday, starting February 15, is expected to further reduce demand for aluminum as downstream production halts and trading activity slows [2][3] Group 2 - Supply concerns have been raised due to maintenance at South32's Mozambique aluminum plant, which may tighten supply, but overall domestic aluminum production capacity is at its limit, limiting upward pressure on prices [2] - The aluminum market is currently characterized by a significant accumulation of inventory, with LME aluminum stocks reported at 483,550 tons, a decrease of 2,200 tons or 0.45% from the previous day [1][2] - The trading volume for aluminum futures has increased, indicating heightened market activity, but the overall sentiment remains cautious with a focus on long positions in the options market [2][3]