The rise in aluminum prices may be difficult to continue, beware of rushing back down

In terms of external trading, after the continuous decline in the early stage, countries introduced favorable stimulus policies, crude oil picked up and boosted, Lun aluminum weekly trend was stable, intraday volatility in the range of 1455-1490 US dollars, the lowest down to 1455 US dollars, a new low
since December 2015.
Due to the closure of Good Friday and Easter, in the short term under the policy stimulation, the overall trend of Lun aluminum still maintains a stable trend, focusing on the 1450-1490 range of shock, the uncertainty of the overseas epidemic still brings uncertainty to the trend of metals, so limit the rise in aluminum prices, and the possibility
of continuing to hit new lows is not ruled out in the later period.

In terms of the market, due to the price stop falling and rebound, traders have increased their enthusiasm to enter the market, increased inquiries, and operated frequently; Although downstream enterprises enter the market to purchase, considering the current overseas epidemic and order situation, the actual purchase volume is limited, and most on-demand purchases are mainly, and the overall market transaction improvement is still not obvious
.

East China: Electrolytic aluminum enterprises losses, market production reduction turmoil again, superimposed on a series of stimulus policies at home and abroad, to the aluminum price to bring a boost, this week aluminum prices stopped falling and rebounded, the center of gravity moved up, as of Friday, East China spot aluminum prices in 11710-11750 yuan / ton, up 140 yuan
from the previous week 。 South China: As of Friday, the price of Foshan aluminum ingot strip was 12,000-12,100 yuan / ton, up 160 yuan / ton from last Friday, and the price difference with East China was 320 yuan / ton; Cargo holders have increased shipments, the market circulation is relatively abundant, the supply exceeds demand, the market is purchased on demand, and traders have also increased their receiving efforts, but due to unstable market conditions, slightly cautious, the overall market transaction is limited
.

Stocks: Last week's domestic social electrolytic aluminum stocks, Shanghai area 172,000 tons, Wuxi area 65.
7 tons, Hangzhou area 143,000 tons, Gongyi area 165,000 tons, South China Sea area 389,000 tons, Tianjin 55,000 tons, Linyi 11,000 tons, Chongqing 15,000 tons, consumption area aluminum ingot inventory total 1.
607 million tons, down 69,000 tons
from last week.

Boosted by stimulus policies, recent aluminum prices stabilized, short-term in the good boost, aluminum prices still show signs of stabilization, Shanghai aluminum main focus on 1.
15-11,900 fluctuations, but overseas epidemic still impact market demand, although the worst panic stage has passed, but the impact on demand is still reflected, of which overseas automobile manufacturing will seriously drag down domestic aluminum exports
.
Combined with the downward movement of costs, the rise in aluminum prices may be difficult to continue, beware of rushing back down, and the operation is still cautious
.