Shanghai aluminum volatility is strong, and the overall transaction of the market is average

On the industry side, Norwegian Hydro agreed with a third-party technical assessment proposed by Brazilian prosecutors, which, if approved, would mean that the Alumina plant in Brazil could resume full production
.
Hydro's executive vice president said the Alunorte plant is currently working to maintain all seven lines to ensure a smooth ramp-up, which is expected to return to 75-80 percent capacity
after a two-month assessment.

In terms of the market, aluminum futures maintained range-bound
volatility before noon of the month.
The transaction price of Shanghai is between 13920-13940 yuan / ton, the premium of the month is around 280-290 yuan / ton, the transaction price is more than 50 yuan / ton compared with the previous day, the transaction price of Shanghai next month ticket goods is between 13630-13660 yuan / ton, Wuxi is between 13920-13940 yuan / ton, Hangzhou is between 13950-13970 yuan / ton
。 Because a large account plans to stop receiving goods in the past two days, the market has sufficient supplies, and the next month's ticket goods in the market have increased significantly near the end of the month, and the transaction volume of monthly tickets has decreased compared with the previous two days, and the trading activity between traders is not as good as the previous two days
.
Due to the increase in prices compared with the previous day, there is a certain amount of stock in the early stage, and there are not many
purchases within the day.
The overall transaction in East China is average
.

In terms of stocks, LME aluminum stocks were 1,142,725 tons on March 27, down 7,000 tons from the previous trading day; As of March 22, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange stood at 741,757 tons, an increase of 2,699 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, the Shanghai aluminum shock was strong, due to the frequent news of alumina production reduction, the price of alumina temporarily stopped falling, forming a phased support
for aluminum prices on the cost side.
In the spot market, the supply is sufficient, and the next month's ticket goods in the market near the end of the month have increased significantly, and the transaction volume of the monthly ticket has decreased compared with the previous two days, and the trading activity between traders is not as good as the previous two days
.
Due to the price increase compared with the previous day, there is a certain amount of stock in the early stage, there are not many purchases within the day, and the overall transaction is average
.
On the technical side, the MACD indicator shows repeats, the Bollinger band channel shows contraction, and short-term aluminum prices are recommended to be volatile
.