March 30 aluminum market morning review

Last Friday, Lun aluminum rose slightly and opened significantly lower today, below the 5-day moving average and $1550
.
Shanghai aluminum overnight high slightly rose, today may open slightly lower back to around
11500.
There is cost support for the current price of Shanghai aluminum, but the demand side is poor, the trend of aluminum prices is still weak, the trend has not reversed for the time being, and it may fluctuate
at the current position.
The upper pressure of Shanghai aluminum is 12000, and the lower support is 11000
.

The overall performance of the domestic morning spot market is not good, and the trading parties have formed a tug-of-war, and the downstream purchases
on demand.
The mainstream trading price in Shanghai is around 11,520 yuan / ton, which is about 80 percent lower than that of futures
.
The mainstream transaction price in Guangdong was 11540 yuan / ton
.
At present, the domestic economy is gradually recovering, but the continuous deterioration of the overseas epidemic has dragged down exports, which in turn has affected the recovery process
of domestic consumption.

Domestic primary aluminum market consumption is still rising, but the sharp decline in export orders has significantly dragged down the improvement of fundamentals, and aluminum prices have been suppressed
.
The worsening of the overseas epidemic continues to affect market sentiment and cause sharp fluctuations in aluminum prices, with high unilateral operation risks
.
Consider buying inside and selling outside arbitrage operations
.