Shanghai aluminum oscillation is strong, and the upper pressure is more obvious

In terms of industry, in March, Dongxing Aluminum completed 106% of the total industrial output value of the electrolytic aluminum plate, 100% of the main revenue and 113% of the output of aluminum products; The total industrial output value of Tiancheng Cai Aluminum Company has reached 550 million yuan, the casting and rolling aluminum coil has completed 44,100 tons, and the output of Jamaica alumina plant has completed 91,800 tons
.
、

In terms of the market, the first trading stage of the month fluctuated upward, and the second trading stage was dominated
by range fluctuations.
In the morning, the trading price of the Shanghai market was close to around 13840 yuan / ton, and then the trading atmosphere became stronger, and the spot price changed
.
The mainstream transaction price in Shanghai is between 13810-13820 yuan / ton, and the price of Wuxi is between 13810-13820 yuan / ton, and the transaction price in Hangzhou is between
13830-13850 yuan / ton.
The intraday market has sufficient supply, because the price has risen compared with the previous day, the holders are actively shipping, and the shippers are gradually more than the receivers, but the actual transaction is more general
.
The downstream is still dominated by on-demand procurement, and the receipt of goods is flat
.

In terms of inventories, LME aluminum stocks were 1,094,600 tons on April 09, down 4,325 tons from the previous session; As of April 04, 2019, the Shanghai Futures Exchange electrolytic aluminum inventory was 722,092 tons, down 12,898 tons
from the previous week.
From a seasonal perspective, current inventories remain at a high level
compared to the past five years.

Shanghai aluminum volatility is strong during the day, the current aluminum fundamentals are still relatively weak, the cost side support is weak, and the continued upward space of aluminum prices is still doubtful
.
In the spot market, the supply is sufficient, because the price has risen compared with yesterday, the holders are actively shipping, and the shippers are gradually more than the receivers, but the actual transaction is more general
.
The downstream is still dominated by on-demand procurement, and the receipt of goods is flat
.
Technically, the Shanghai aluminum 1905 contract is running in the middle and upper orbit of the Bollinger band, and has closed the positive line for 5 consecutive days, with a strong short-term performance, but its upper pressure is also more obvious
.