Demand is expected to be good, and the main force of Shanghai aluminum fluctuated higher

In terms of industries, Antam also produced 187,830 metric tons of bauxite in the first quarter, down from 200,300 metric tons in the same period last year; Sales fell to 55,000 metric tons from 61,380 metric tons due to export license
extensions.

In terms of the market, aluminum futures maintained range volatility before noon, Shanghai trading price between 14200-14220 yuan / ton, the first trading stage on the plate 20-10 yuan / ton, the second trading stage on the plate 40-20 yuan / ton, Wuxi transaction price between 14200-14220 yuan / ton, Hangzhou transaction price between 14230-14240 yuan / ton
.
The spot price in Shanghai rose by nearly 80 yuan / ton from the previous day, and the discount expanded slightly under the high price
.
During the day, the shippers were active in shipments, and the trading between traders was active, and there were still more shippers than
receivers.
After the downstream continued to wait and see for several days and purchased on demand, it changed its hesitant attitude, and the receipt of goods was significantly better than in previous days, or it was considered
for the May Day holiday.
The overall transaction in East China is acceptable
.

In terms of inventories, LME aluminum stocks were 1,032,925 tons on April 24, down 14,175 tons from the previous session; As of April 19, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 665,067 tons, down 36,071 tons
from the previous week.
From a seasonal perspective, current inventories remain at an average
level compared to the last five years.

The main 1906 contract of Shanghai aluminum fluctuated higher during the day, and the recent favorable supply side and the decline in Lunhu aluminum inventories made the market have good expectations
for aluminum peak season demand.
In the spot market, holders are actively shipping, traders are actively trading, and there are still more shippers than
receivers.
After the downstream continued to wait and see for several days and purchased on demand, it changed its hesitant attitude, and the receipt of goods was significantly better than in previous days, or it was considered
for the May Day holiday.
On the technical side, the Shanghai aluminum 1906 contract average shows a long arrangement, the MACD indicator maintains an upward trend, and the short-term Shanghai aluminum trend may still be strong
.
Operationally, it is recommended that the Shanghai aluminum 1906 contract can consider relying on 14,000 yuan / ton to choose the opportunity to go long
.