Shanghai aluminum shock pullback The market is in a wait-and-see mood

In terms of industry, Rusal CEO Evgenii Nikitin said Rusal has resumed aluminum supplies to the US market to regain market share
.

In terms of the market, aluminum fell before noon of the month
.
The transaction price in Shanghai is between 13740-13760 yuan / ton, and the transaction price is basically the same as the previous day, Wuxi's transaction price is between 13740-13760 yuan / ton, and Hangzhou's transaction price is between
13770-13790 yuan / ton.
The market is well stocked, the shippers are still active, and traders are actively
trading with each other.
Due to the large fluctuation range of aluminum overnight, the downstream wait-and-see mood is strong, and the basic on-demand purchase is not as good as the previous day
.
The overall transaction in East China within the day is average
.

In terms of inventories, LME aluminum stocks were 1,122,825 tons on April 1, down 6,350 tons from the previous session; As of March 29, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 734,990 tons, down 6,767 tons
from the previous week.
From a seasonal perspective, current inventories remain at a high level
compared to the past five years.

During the day, Shanghai aluminum shock pullback, in the spot market, the market supply is sufficient, the shipment of holders is still active, traders are active
in trading with each other.
Due to the large fluctuation range of aluminum overnight, the downstream wait-and-see mood is strong, and the basic on-demand purchase is not as good as the previous day
.
On the technical side, aluminum 1905 gave up most of the gains of the previous day, but the futures price is still above all moving averages, and short-term recommendations are volatile
.