March 18 aluminum market morning review

In the morning, the overall transaction volume of the spot market weakened slightly, and the performance of the East China market was not good, and the downstream purchased
at a lower price.
The mainstream trading price in Shanghai is around 22,080 yuan / ton, which is about 40 lower than the futures discount
.
The Guangdong market traded reasonably in the early stage, but turned weak in the later stage, and the mainstream transaction price was around 22130 yuan / ton
.

Domestic consumption as a whole maintained a recovery trend, and social inventories were destocked
sharply.
Policy is expected to increase economic stimulus and boost market expectations
for later consumption.
Although the resumption of production has accelerated, the short-term production contribution is limited
.
Overseas supply-side uncertainty remains
.
Short-term aluminum prices maintain strong operation, and it is recommended to maintain a pullback to do long
.
Pay attention to the impact of the domestic epidemic and the progress of the
situation in Russia and Ukraine.