Shanghai aluminum afternoon review on April 6

On the macro front, during the holiday, the dollar index performed strongly on the non-farm payrolls data and hawkish comments from the Federal Reserve, once standing at 99.
5, and the dollar is expected to continue to be strong in the process of raising interest rates
.

In terms of inventory, although the epidemic situation is still grim, but the Henan market is well stocked, according to the survey of Shanghai Steel Union, the inventory of aluminum ingots in the Gongyi market continues to decrease, and the total inventory is 108,000 tons, down 20,000 tons
from last week.

In general, the resumption of electrolytic aluminum production in various places is accelerating, and the output of electrolytic aluminum is also steadily recovering; On the consumer side, with the recovery of terminal consumption and the replenishment demand triggered by the decline in aluminum prices, electrolytic aluminum consumption is also rebounding sharply; The electrolytic aluminum market will show a double boom pattern of supply and demand, but because the recovery of electrolytic aluminum production requires a certain cycle, the recovery speed of the consumer side will be faster than that of the supply side; At present, the domestic epidemic is reviving and the transportation of goods is restricted, which will affect the current trend of aluminum prices, but the fundamentals of aluminum have not changed greatly, and it is expected that the short-term volatility of aluminum prices is more likely
.