April 8 Shanghai aluminum afternoon commentary

In terms of fundamentals, the future supply side is expected to remain strong under high profits, but the closure of the import window or the impact on the later import volume can also be seen that the current aluminum price is in a pattern of strong outside and weak inside; In terms of demand, high-priced aluminum still has a certain restrictive effect on the downstream, downstream procurement is still more cautious, which is compared with last year lack of willingness to stock up, at this time investors should pay more attention to the change of social inventory, the current many investors hope to go to the warehouse to verify the strong demand
.

The fundamentals are in a stage where expectations diverge from the present, and the downstream performance has not exceeded expectations, but the downstream is also wrapped up in the market when the peak season comes, and there is a situation
where it has to be purchased at a high price.
Recently communicated with some market participants and found that the market sentiment is still high, nonferrous aluminum is considered to be a strong variety in supply and demand, and the later period can still look at the first line, the current capital and entity this game, aluminum prices or enter a wide range of shock finishing stage
.