Aluminum rebounded slightly Market procurement is general

In terms of external disk, Lun aluminum opened at 1875 US dollars / ton
in the morning.
During the Asian session, Lun aluminum shock rebound tried to repair the overnight decline, the high touched 1889 US dollars / ton, at the end of the Asian market and the beginning of the European market, the US index rebounded, Lun aluminum was once under pressure, fell below the daily moving average, tested down 1874 US dollars / ton and gradually returned, returned to the daily average above the blocked 1885 US dollars / ton, around the 40-day moving average for a narrow range of oscillation, as of 18:08 Lun aluminum reported 1884.
5 US dollars / ton
.
It is expected that under the suppression of the US index upswing, it will be difficult for London aluminum to rebound effectively and continue to maintain range volatility
.

In terms of the market, the performance of aluminum fell back before noon
.
The transaction price in Shanghai is between 13680~13700 yuan / ton, the discount for the month is between 40~20 yuan / ton, the transaction price is 70 yuan / ton higher than the previous day, the transaction price in Wuxi is between 13680~13700 yuan / ton, and the transaction price in Hangzhou is between
13680~13700 yuan / ton.
Chalco received more than 7,000 tons of goods in East China and South China, and the holders were actively
shipping.
May aluminum has an inverted structure suitable for arbitrage, superimposed market atmosphere is optimistic about the future market, intraday traders and middlemen are active in trading with each other, but downstream manufacturers still perform on-demand procurement, mainly due to rising prices, downstream fear of heights overshadows the willingness to
receive goods.
The overall transaction in East China was good
.
In the late afternoon, aluminum maintained range volatility, the transaction price was concentrated between 13660 ~ 13670 yuan / ton, and the monthly discount was 40 ~ 20 yuan / ton, only some transactions between traders, and there was almost no downstream delivery
.

It is worth noting that the Shanghai aluminum 1903 and 1904 contracts have a back structure, mainly because the government work report of the two sessions proposed to reduce the manufacturing value-added tax from 16% to 13%, and the market generally believes that it will be implemented
in May.
Continue to pay attention to the stimulus policies
of other agendas of the two sessions for downstream consumption.