The main force of Shanghai aluminum continues to rise and still maintains a strong operation

In terms of industry, electric vehicle manufacturers have a total demand for aluminium of 250,000 tons, and the average vehicle needs 250 kilograms of aluminum
.

In the market, aluminum futures rose in midday volatility, and the second trading range maintained a narrow range
.
The transaction price in Shanghai is concentrated between 14120-14140 yuan / ton, and the price of 10-flat water is near the month, up nearly 90 yuan / ton from last Friday, the transaction price in Wuxi is between 14120-14140 yuan / ton, and the transaction price in Hangzhou is between
14150-14160 yuan / ton.
The market is full of supplies, the holders of goods under the high price are actively shipped, traders and middlemen are still active, but because spot aluminum prices continue to rise on Monday, downstream manufacturers are not happy, mainly in demand procurement
.

In terms of inventories, LME aluminum stocks were 1,053,925 tons on April 18, down 6,875 tons from the previous session; As of April 19, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 665,067 tons, down 36,071 tons
from the previous week.
From a seasonal perspective, current inventories remain at an average
level compared to the last five years.

The main 1906 contract of Shanghai aluminum continued to rise during the day, and the favorable supply side and the decline in Lunhu aluminum inventories supported the strong trend of aluminum prices
.
In the spot market, the supply is sufficient, the holders of goods under the high price are actively shipped, traders and middlemen are still active, but because the spot aluminum price continued to rise on Monday, downstream manufacturers are not happy, mainly just need to purchase
.
On the technical side, the Shanghai aluminum 1906 contract has maintained a strong run since breaking through the 14,000 yuan / ton mark, and the MACD indicator continues to rise, and has closed up
for 5 consecutive days.