April 25 aluminum market morning review

Industry: China's bauxite imports in March were 5109253 tons, up 16.
08% year-on-year and 64.
8% month-on-month, of which bauxite imports from Malaysia fell to 1316284 tons, down 7.
95%
year-on-year.

Market: On April 22, Shanghai aluminum trading concentrated 12560-12580 yuan / ton, and the flat water
of aluminum in the month.
Holders have a strong willingness to ship at high prices, the first line of aluminum 12600 yuan / ton is blocked, the holders take the initiative to lower the price and follow the flat water, the price fluctuates widely, the middlemen are cautious in replenishment, downstream enterprises are actively stocking on weekends, and the overall transaction is active
.

In terms of stocks: as of April 22, LME aluminum stocks reported 2,675,900 tons, a weekly decrease of 36,950 tons or 1.
36%, close to the low point set on January 22, 2009 (2,675,700 tons); In the same period, the previous period of aluminum stocks reported 319381 tonnes, a weekly increase of 513 tonnes, the first increase in five weeks, but still close to the level
of February 26 this year.

Overall, last Friday's night market Shanghai aluminum rushed back down, mainly suppressed by short-term technical pullback, but it is recommended that the Shanghai aluminum rebound pattern still exists, and May Day is approaching, there is a possibility of replenishment downstream, it is recommended that the Shanghai aluminum 1606 contract pay attention to the construction of more opportunities around 12700 yuan, and the stop loss refers to 12500 yuan
.