Shanghai aluminum continues to fluctuate and stabilize and maintain a rebound pattern in the short term

Externally: Asian aluminum oscillation continued to rise, the operating range was 1544-1558 US dollars / ton, of which Shanghai aluminum closed at the close of the market Lun aluminum rose 0.
29% to 1558 US dollars / ton, and hit a new high in more than a month, indicating that its willingness to rise is strong, its performance is slightly stronger than other non-ferrous metals, driven by the strong rise of US crude oil futures
.

Macro: The Asian dollar index undertook overnight gains and is now trading around 95, limiting base metals gains, and tonight focus on the Bank of England's interest rate decision and the US CPI for March, whose inflation data will provide some guidance
for the Fed's interest rate decision.
In addition, the market expects China's first-quarter GDP to climb 6.
7%
year-on-year, which will be released tomorrow.

Market: On April 14, aluminum fell straight to 11,860 yuan / ton
before noon.
Shanghai transaction concentration of 11850-11860 yuan / ton, discount 20 yuan / ton to flat water
.
During the period of the straight decline of aluminum futures, the holders were eager to exchange cash, the willingness to ship was positive, after the aluminum futures stabilized in the month, the mentality stabilized, the middlemen had a strong willingness to replenish goods at low prices, and the downstream was afraid of falling and on-demand procurement, and the market transaction was concentrated among
traders.

Today's Shanghai aluminum 606 contract oscillation stabilized at 11960 yuan / ton, and the short-term rebound pattern remained good
.
At the same time, China's aluminum exports in March rose significantly month-on-month, which is conducive to consuming high domestic inventories
.
It is recommended that the Shanghai aluminum 1606 contract can hold long orders above 11880 yuan / ton, and the target is 12100 yuan / ton
.