Shanghai aluminum rushed higher again after the holiday or continued the trend of strong volatility

In the domestic aluminum market, aluminum ingots and aluminum rods went to the warehouse again, the spot discount narrowed, the consumption season may show signs of starting, and the aluminum ingot library was at a low level in the same period of previous years, and the fundamentals were moderate and good to support the upward trend of aluminum prices
.
The short-term changes on the supply side are not large, and the release of new additions is slow; The arrival of the import end may last until mid-to-early May, which has an impact on domestic supply but has little impact, and it is expected that the destocking of the social treasury will accelerate
after the subsequent arrival and return to Hong Kong.
The downstream of the consumption side is also stable, mainly based on just-needed procurement, and the pre-holiday stocking sentiment is strong
.

Although the current price has climbed to a new high, from the perspective of the operating rate of downstream enterprises, orders have risen significantly compared with the previous period, and demand driven by peak season consumption has exceeded expectations, and in the second quarter, the overall domestic demand is expected to remain unchanged; From a macro point of view, the downward trend of the US index coupled with the continuation of easing policies will stabilize the aluminum price to form a certain support, in the short term, Shanghai aluminum still has a certain possibility of strengthening, 19,000 break is imminent, the operation is recommended to take advantage of the low demand replenishment, after the holiday Shanghai aluminum continued to fluctuate strongly, the main focus on the 1.
86-19,200 range
.