April 16 aluminum market morning review

Yesterday, Shanghai aluminum stabilized at the 5-day moving average and closed in Zhongyang, and Lun aluminum fluctuated at a high to close the doji, closing at $
1512.
It is expected that Shanghai aluminum may open flat today, the recent internal and external market trend is obviously differentiated, affected by the external market, it is expected that the future market aluminum price momentum is insufficient, may continue to operate
at 11500-12000.
The upper pressure of Shanghai aluminum is 12000, and the lower support is 11000

US Industrial Output MoM for March: -5.
4%; Expected: -4.
0%; Previous value: 0.
6%.

US industrial output recorded its worst m/m in March
.
The US New York Fed manufacturing index hit its lowest level since records began in April
.
Yesterday, the United States confirmed more than 40,000 new cases, rising sharply again, the US economic data was less than expected, overnight market panic fermented, commodities fell across the board
.

At present, the domestic consumer market continues to improve, domestic orders also continue to rise, aluminum ingot social inventory has recently continued to go to storage, superimposed on the improvement of macro sentiment, aluminum prices try to repair upward, but demand sustainability determines the rebound space, the current epidemic trend is still a key factor affecting the trend of aluminum prices, before the epidemic is not effectively controlled, it is expected that the rebound height is limited, and aluminum prices continue to stabilize in the short term; The main force of Shanghai aluminum is temporarily concerned about the oscillation
between 1.
18-12,000.