Downstream demand is gradually improving Aluminum prices are at a high level

In terms of the external market, in the morning, Lun aluminum opened at 2316 US dollars / ton, the Asian session London aluminum trend is extremely light, narrow running at 2309-2320 US dollars / ton, into the European trading session Lun aluminum inertia leakage, the low touch 2274 US dollars / ton, as of 17:16, Lun aluminum repair part of the decline reported 2301 US dollars / ton, short-term overseas fundamentals marginal loose, is expected to maintain a weak shock market
.

Macro news, China's industrial added value above designated size in April was 7% year-on-year, 6.
4% expected, and 6% in the previous month; China's industrial added value above designated size from January to April (year-to-date) was 6.
9% year-on-year, 6.
7% expected, and 6.
8%
in the previous month.
China's total retail sales of consumer goods in April were 9.
4% year-on-year, 10% expected, and 10.
1% in the previous month; China's total retail sales of consumer goods from January to April were 9.
7% year-on-year, 9.
8% expected and 9.
8%
in the previous month.
China's urban fixed asset investment from January to April was 7% year-on-year, 7.
4% expected, and 7.
5%
in the previous month.
The data shows that China's macroeconomy is running
smoothly.

In terms of the market, the Shanghai transaction concentration is 14560~14580 yuan / ton, the discount of the month is 10 yuan / ton to Pingshui, the Wuxi transaction concentration is 14560~14570 yuan / ton, and the Hangzhou transaction concentration is 14580~14590 yuan / ton
。 In the morning, the carrier shipped actively, the market can circulate abundantly, the market quotation from 14580 yuan / ton all the way down to 14560 yuan / ton, then a large aluminum enterprise at a price of 14570 yuan / ton in the East China market to receive 2000 tons, the market transaction is basically stable, the downstream to maintain on-demand procurement, a small number of transactions in the afternoon market concentrated around 14570 yuan / ton, the overall transaction in the East China market is acceptable
.

In terms of inventory, the aluminum warehouse receipt of the previous period was 862832 tons, down 1777 tons
from the previous trading day.
As of May 14, LME aluminum ingot stocks were 1,259,300 tons, down 4,950 tons
from the previous trading day.

On the whole, the price of Shanghai aluminum is at a high level, downstream demand is gradually improving, and the price of alumina has risen, increasing the cost of
electrolytic aluminum.
Technically, the daily K-line oscillates between the 20-day moving average and the 10-day moving average, and it is expected that the main force of Shanghai aluminum 1807 oscillating operation, the operating range is 14400-14900, for reference
only.