Nonferrous metals generally picked up, and Shanghai aluminum recovered some of its decline

In terms of news, the recent financial market risk appetite focused on the possibility of Sino-US trade war, China's Ministry of Commerce spokesperson recently said that China hopes that the United States can resolve trade differences through dialogue, China's position has not changed, hope that the United States will recognize the situation, urge the United States to abandon unilateralism and trade protectionism
.
A list of suspended concessions for the 232 measures for U.
S.
imports of steel and aluminum products has been released, and comments are still being solicited, and the official implementation time
will be announced in due course.

In terms of the market, the transaction concentration in Shanghai was 13640~13660 yuan / ton, the discount for the month was 70~60 yuan / ton, the transaction concentration in Wuxi was 13640~13660 yuan / ton, and the transaction concentration in Hangzhou was 13650~13660 yuan / ton
.
After the fall of aluminum in the future, the holder controls the shipment, the circulation of the source of goods decreases, the spot discount narrows, due to risk concerns, the middleman stocking strength weakens, but the downstream enterprises are willing to stock up at low prices on weekends, and the overall transaction is better
.
Guangdong market transaction concentrated in 13680 ~ 13690 yuan / ton, Guangdong and Shanghai price difference maintained around 30 yuan / ton, intraday market supply and demand are booming, holders are actively shipped, aluminum performance is strong middlemen are willing to receive goods, but downstream subject to capital constraints, so the purchase volume performance is general, the transaction is concentrated among traders, and the overall transaction in Guangdong is acceptable
.

Inventory: During the day, the aluminum warehouse receipt of the previous period was 822338 tons, down 1480 tons
from the previous trading day.
As of March 29, LME aluminum ingot stocks were 1,286,300 tons, up 24,675 tons
from the previous trading day.

On the whole, the current inventory continues to refresh the historical high and there is new production capacity, demand has not fully recovered, aluminum prices will be under pressure, favorable policies are coming out, aluminum prices may be supported
.
Technically, the daily K line station on the 10-day moving average, MACD indicator double line divergence upward, it is expected that the Shanghai lead oscillation is strong, the operating range is 18500-19000, for reference
only.