April 19 aluminum market morning review

Market: On April 18, Shanghai aluminum trading concentrated 11940-11950 yuan / ton, discount 30-10 yuan / ton
.
Shanghai holders controlled shipments, and the aluminum period was not affected by the abortion of the crude oil freezing production agreement in the month, which fluctuated upward, increasing the bullish confidence of middlemen, and the willingness of middlemen to receive goods at low prices rebounded, and the overall transaction in Shanghai was active
.
Downstream companies waited and saw on Monday, and the overall transaction
cooled.
Hangzhou circulation spot decreased, and holders sold at high prices
.
The overall transaction is mainly concentrated on traders
.

Stocks: as of April 18, LME aluminum stocks reported 2705550 tons, down 7,300 tons from the 15th, hitting a new low level since January 22, 2009 (2,675,700 tons); At the same time, as of April 15, the aluminum inventory in the previous period reported 318868 tons, a weekly decrease of 5047 tons, a four-week reduction, indicating that the short-term inventory pressure in the aluminum market has declined
.

Overnight Shanghai aluminum oscillation stabilized, performance stagnation in Lun aluminum, the current Shanghai aluminum is still at a high level of oscillation sorting, showing short-term long and short trading cautious, operation may need to be differentiated from other base metals, should not be too optimistic
.
It is recommended that the Shanghai aluminum 1606 contract can be sold high and low between 11850-12050 yuan / ton, and the stop loss is 100 yuan / ton
each.