Inventories continue to degrade rapidly, and Shanghai aluminum has a strong intraday trend

In terms of external trading, today's Lun aluminum trend is stronger, LME three-month aluminum Beijing time at 15:00 at 1482 US dollars / ton, up 6 US dollars, or 0.
41%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 13000-13040 yuan / ton, up 220 yuan; Guangdong South Reserve reported 13,000-13,060 yuan / ton, up 230 yuan; Hua reported 13110-13130 yuan / ton, up 230 yuan
.
Traders traded better, downstream stocks normally, large households received goods actively, and the overall transaction was better
.

In terms of news, on Wednesday, a spokesperson for Kenlian Aluminum told the media that in response to the fluctuation of the market environment caused by the spread of the new crown pneumonia, the company's Ravenswood aluminum plant in West Virginia will cut some employees while continuing to operate
with about 900 employees.

At present, the performance of domestic consumer demand is still strong, the weekly destocking of 114,000 tons, and the later domestic infrastructure or began to make efforts, market optimism is high, but the waves between China and the United States are rising again, the pressure of domestic aluminum exports in the later period may increase, aluminum exports in April 440,000 tons, year-on-year decline in supply, aluminum profits improved, weakened aluminum production expectations, and recently there was news that Yun Aluminum Heqing and Yun Aluminum Wenshan project began to be powered and put into production, and the supply pressure became greater
in the later period.
On the whole, the upward pressure on aluminum prices will gradually increase, and strategically, unilaterally recommended to wait and see
.
Based on the high ratio of internal and external values, the primary aluminum import window is opened, and the internal and external positive sets can try to participate
.