Shanghai aluminum slightly strengthened, short-term recommendations shock view

Industry: Yun Aluminum: In 2019, strive to produce 1.
4 million tons of alumina and 1.
85 million
tons of aluminum products.

In terms of the market, the aluminum period was mainly range-bound before the afternoon of the month
.
The transaction price in Shanghai is between 13750-13760 yuan / ton, and the transaction price is basically the same as the previous day, Wuxi's transaction price is between 13750-13760 yuan / ton, and Hangzhou's transaction price is between
13760-13780 yuan / ton.
The intraday market has sufficient supply, driven by a large household, the holders are actively shipping, traders are active in trading with each other, and there are more receivers than shippers
.
Downstream purchases are basically on-demand within the day, and the transaction is flat
.
The overall transaction in East China is average
.

In terms of inventories, LME aluminum stocks were 1,115,000 tons on April 02, down 7,825 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.

Shanghai aluminum strengthened slightly during the day, the spot market, the supply of sufficient supply, driven by a large household, the holders of goods are actively shipped, traders are active in trading with each other, and there are more receivers than shippers
.
Downstream procurement is basically on-demand, and the transaction is flat
.
On the technical side, the aluminum 1905 contract is strong, above all moving averages, but whether it can break through the shock range is still in doubt, and short-term it is recommended to be shocked
.