The bearish power is gradually increasing, and the short-term trend of Shanghai aluminum is in a weak situation

In terms of industries, data released by the US Department of Commerce on Wednesday showed that the United States imported 141,744,981 kg of unprocessed non-Taiwan gold aluminum in December 2018, 141,493,502 kg in November and a total of 1,913,311,861 kg
in 2018.
The U.
S.
Department of Commerce also announced that U.
S.
aluminum exports were 4,558,601 kilograms in December 2018 and 4,315,293 kilograms in November, totaling 77,740,173 kilograms
for the whole year of 2018.

In terms of the market, the transaction price in Shanghai is between 13610-13620 yuan / ton, the discount for the month is between 50-30 yuan / ton, the transaction price is more than 70 yuan / ton compared with the previous day, the transaction price in Wuxi is between 13610-13620 yuan / ton, and the transaction price in Hangzhou is between
13610-13630 yuan / ton.
During the day, Chalco received not much goods in East China, the market spot was sufficient, the holders were active in shipments, and traders were active in trading, because the aluminum price had a significant decline compared with the previous day, at the low price in the middle of the week, the downstream procurement enthusiasm was significantly improved, and the number of goods received increased significantly compared with previous days
.
The overall transaction in East China was good
.

In terms of inventories, LME aluminum stocks were 1,234,900 tons on March 06, an increase of 1,750 tons from the previous trading day; As of March 1, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 747,012 tons, an increase of 10,332 tons
from the previous week.
From a seasonal perspective, current inventories remain at a high level
compared to the past five years.

Shanghai aluminum continued to decline during the day, and the continued upward trend of the US dollar index put pressure on the non-ferrous sector, and the growth of domestic aluminum inventories also led to further weakness in aluminum prices
.
In the spot market, the price of aluminum has dropped significantly compared with the previous day, at the low price level in the middle of the week, the enthusiasm for downstream procurement has increased significantly, the amount of goods received has increased significantly compared with the previous days, and the overall transaction is good
.
On the technical side, the MACD indicator of the Shanghai aluminum 1905 contract formed a dead cross and fell below the average combination, the bearish power gradually increased, and the short-term aluminum price trend was weak
.