Shanghai aluminum afternoon review on April 2

In terms of fundamentals, the average profit of the current electrolytic aluminum enterprises has reached more than 3,000 yuan / ton, and the future supply side is expected to remain strong under high profits, but the recent closure of the import window or the impact on the later import volume, which can also be seen that the current aluminum price is in a pattern
of external strength and internal weakness.

In terms of demand, the EU ruled to impose anti-dumping duties on China's exports of aluminum 21.
2% ~ 32.
1%, which is lower than the anti-dumping duties implemented during the transition period, so the market interpretation is favorable, and high-priced aluminum still has a certain restrictive effect on the downstream, the willingness to receive goods is not high, the discount pattern is reproduced, the processing fee has not shown signs of rising, and the high-price procurement is still relatively cautious
.
However, in general, the accumulation of aluminum social inventory has ended, and the market hopes that the destocking will continue to support aluminum prices
.
The fundamentals are in the stage of divergence between expectations and the present, the downstream performance has not exceeded expectations, and the transmission to the downstream is not smooth, 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.
Under the game between funds and entities, aluminum prices may enter a wide range of shock sorting stage
.