The short-term trend of Shanghai aluminum is strong, and the price basically remains high and volatile

In terms of external trading, LME aluminum rose unilaterally in March, and the price fell to $2059.
5 at the beginning of the week after accelerating Changyang's rise, and fell back after rushing to $2331 in the middle of the week, closing at $2290 at the time of writing, up $232, or 11.
27%
for the week.

In terms of the market, the main trading range of spot aluminum in Shanghai Nonferrous Metals Trading Center (SME) this week was 14060-14240 yuan / ton, and the discount was reported at C100-C20 yuan / ton, and the discount narrowed slightly
.
This week's spot market trading first rose and then declined, the aluminum price rose sharply at the beginning of the week after the discount slightly expanded, market shipments increased, procurement demand also remained active, the later discount narrowed once caused the trading to turn weak
.
Aluminum prices rose sharply on Friday morning, the middleman shipment atmosphere was good, the market was willing to receive goods with a slight pullback at a high level, and the overall trading of the market was acceptable
.

In terms of news, the United States announced sanctions against Russian companies and individuals, which involved Rusal, one of the world's largest aluminum suppliers, as soon as the news came out, the market set off a storm of supply shortage worries, and aluminum prices rose
sharply.
China has pledged to reduce import tariffs on automobiles and other products to ease investors' support for the escalation of the Sino-US trade dispute, and the market is currently in the peak demand season, and aluminum prices have sufficient
upward momentum.

This week, LME aluminum was affected by the US sanctions against Rusal, staged a unilateral upward trend, Lun aluminum once broke through a new high in the past five years, although the domestic aluminum price followed the rise, but the overall domestic supply is still facing greater pressure, the social inventory during the week is flat, inventory pressure is still there, it is expected that aluminum prices maintain a strong external and weak internal pattern, and the future probability will face the risk of
pullback.
The Shanghai Aluminum Index on Zhou K stood above a number of important moving averages, showing a short-term rebound trend; On the daily K, the Shanghai aluminum index returned to the 60-day moving average, the short-term trend is strong, it is expected that the short-term will be above 14500 yuan first-line oscillation operation, the upper space is limited
.