Recently, domestic aluminum spot prices have been stable. Among them, the spot transaction price of aluminum in Shanghai was 17140-17,180 yuan/ton; the spot transaction price of aluminum in Guangdong declined slightly, and the daily higher transaction price of spot fell from 17,240 yuan/ton on Monday to 17,200 yuan/ton on Wednesday. The daily lower transaction price also fell from 17,180 yuan/ton on Monday to 17,100 yuan/ton on Wednesday. Market characteristics: After the aluminum market in Guangdong Province re-emerged at an integer level of RMB 17,000/tonne for spot aluminum prices, due to consumer companies taking a wait-and-see attitude towards prices, consumer buying was weak, causing market buyers to take up insufficient strength and spot prices fell slightly. In the previous period, the spot price of aluminum in Guangdong was greatly increased, causing a large amount of spot to flock to the area. As of last week, the inventory of aluminum in futures delivery warehouses in Guangdong was 10,123 tons, which was basically maintained at a normal turnover level. Whether the spot price of aluminum in Guangdong can be stabilized above 17,000 yuan/ton in the later period, it is necessary to pay attention to the rate of decline in aluminum inventories. At present, the electrolytic aluminium industry and aluminum production enterprises under macro-control have suffered widespread losses. With losses increasing and aluminium prices hovering near the cost line for a long time, electrolytic aluminum producers can only increase production losses. In the long run, the excessive growth of domestic electrolytic aluminum supply will be controlled, and it will help the price rise. In addition, the aluminum consumer is still slightly profitable in the production of aluminum, but the rise of aluminum and other downstream products lags behind the rise in aluminum prices, so in the initial period of rising spot prices of aluminum, consumer buying tends to be weak, the market The willingness to chase is also relatively indifferent, but for the sake of maintaining production, consumers still need to ensure normal purchases. In summary, if aluminum stocks do not increase significantly in the short term, spot aluminum prices are expected to stabilize above 17,000 yuan/ton.