Shanghai aluminum rose again and fell back to give up its previous gains

In terms of external trading, the rebound of Asian Lun aluminum is weak, further under pressure downward, of which the 3-month LME aluminum reported 2199 US dollars / ton, down 0.
57% per day, for three consecutive days, fell back to the level of April 10 this year, as the United States considered slowing down sanctions against Rusal, Lun aluminum short-term operating range focus on 2165-2300 US dollars / ton
.

In terms of the market, on April 24, Shanghai aluminum trading concentrated 14470-14490 yuan / ton, the monthly premium was 40-50 yuan / ton, Wuxi transaction concentration was 14470-14490 yuan / ton, Hangzhou transaction concentration was 14510-14530 yuan / ton
.
The next month's ticket price is 40-50 yuan/ton lower than the current month's ticket price, and the warehouse receipt price is 80 yuan/ton
for the month's premium.
Holders shipped positively, spot prices fell sharply, middlemen and downstream enterprises gradually grew in wait-and-see sentiment, and the overall transaction fell
from the previous day.

In terms of industry, Norwegian aluminium producer Hydro may not meet its 2018 cost-cutting targets because the troubled Brazilian project is still operating
at lower capacity after a leak at one of its Brazilian smelters in February.

In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 876090 tons, down 3497 tons
from the previous trading day.
As of April 24, LME aluminum ingot stocks were 1378350 tons, down 6,675 tons
from the previous session.

Norwegian aluminum producer Norsk Hydro may not meet its 2018 cost-cutting targets because its troubled Brazilian project is still operating
at lower capacity after a leak at one of its Brazilian smelters in February.
Alunorte, the world's largest alumina smelter, was investigated for allegedly causing contamination of local water supplies and was ordered to shut down half of its production
at the end of February.
Hydro warned that this could affect its Norwegian aluminum production
.

During the day, Shanghai aluminum 1806 rushed back down to 14405 yuan / ton, giving up the previous gains, showing that there is a certain selling pressure above, but its performance is slightly resistant to the decline of Lun aluminum, and continue to pay attention to the performance
of the external market in the short term.
Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed by 14580 yuan below the sky, and the entry reference is around 14450 yuan, and the target is 14300 yuan / ton
.