April 3 aluminum market morning review

Domestic electrolytic aluminum production reduction turmoil again, but from the current production reduction point of view, the actual boost to aluminum prices is limited, short-term Shanghai aluminum main contract temporarily focus on the range of 1.
13-11,600, but before the overseas epidemic is effectively controlled, cautious operation, wait and see for
the time being.

There are more receivers in the domestic morning spot market, and downstream purchases have also increased, but the holders are obviously reluctant to sell, and the transaction price has also continued to rise, and the mainstream transaction price in Shanghai has been raised from 11300 yuan / ton to 11350 yuan / ton, narrowing to about
10 yuan / ton compared with the futures discount.

At present, domestic consumption continues to rise, but market sentiment is dominated by the overseas new crown epidemic, and the sharp fluctuation of crude oil prices has also intensified.

In the short term, external risks will not recede, and the risk of sharp price fluctuations still exists
.
Operationally, it is recommended to control risks, and buying inside and selling outside arbitrage can still be considered
.