The main force of Shanghai aluminum rose sharply to pay attention to the resistance of the previous high

Market focus: (1) According to data from the General Administration of Customs, the total import and export value of China's trade in goods in the first quarter was 8.
47 trillion yuan, a year-on-year increase of 29.
2%, of which exports increased by 38.
7% year-on-year, imports increased by 19.
3%, and the trade surplus was 759.
29 billion yuan, an increase of 690.
6%
over the same period last year.
(2) At 20:30 Beijing time on Tuesday, the United States will release March CPI data, and the market expects unseasonally adjusted annual growth rate of 2.
5%, higher than 1.
7%
in the previous month.
(3) According to my nonferrous metal network, on April 12, the inventory of electrolytic aluminum in China's main market was 1.
208 million tons, down 25,000 tons
from last Thursday.

Spot analysis: On April 13, spot A00 aluminum was reported at 17450-17490 yuan / ton, with an average price of 17470 yuan / ton, a daily increase of 90 yuan / ton
.
Changjiang Nonferrous Metal reported that the source of circulating goods continued to decrease, the receiving party actively entered the market, the enthusiasm of large households to receive goods was acceptable, and the transaction activity increased
.

Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 157578 tons on Tuesday, a daily increase of 397 tons; On April 12, LME stocks stood at 1,847,600 tonnes, down 6,650 tonnes
per day.

Main positions: the top 20 long positions of Shanghai aluminum main 2105 contract 124733 lots, a daily increase of 9567 lots, short positions 132347 lots, a daily increase of 8244 lots, a net short position of 7614 lots, a daily decrease of 1323 lots, both long and short increases, net space decreases
.

Market research and judgment: Shanghai aluminum 2105 rose
sharply on April 13.
There is news that the National Reserve Bank plans to collect aluminum ingots before selling, raising concerns about increased supply; At present, the speed of domestic production capacity launch is slow, and the dual control policy of energy consumption in Baotou in Inner Mongolia also affects
output.
Recently, domestic aluminum ingot inventories have turned into a downward trend, downstream procurement willingness is positive, and the traditional consumption season is gradually emerging, which has strong support for aluminum prices
.
Technically, the mainstream bulls of the main 2105 contract of Shanghai aluminum increased their positions greatly, paying attention to the resistance of the previous high position, and it is expected that the market volatility will be strong
.
In terms of operation, it is recommended to go long lightly around 17600 yuan / ton, and the stop loss is 17450 yuan / ton
.