Shanghai aluminum rushed back down and fell into a brief consolidation

Externally: Asia Lun aluminum fell under pressure for the second consecutive day, its performance was weaker than other base metals, due to the short-term increase in its technical pullback pressure, of which Shanghai aluminum closed at the close of the market Lun aluminum fell 1.
38% to 1503 US dollars / ton, the current Lun aluminum from this round of rebound high of 1548 US dollars / ton fell 2.
9%, the lower support focus on 1480 US dollars / ton
.

Macro: Overnight, the US services PMI in March performed stronger than expected and the previous value, which strengthened the Asian dollar index and now rose to around 94.
8, up 0.
5%
from the low of 94.
3 in this round.
In addition, China's Caixin services PMI also rose to 52.
2 in March, better than expected in the previous month, which, combined with the better-than-expected Chinese manufacturing PMI, showed a slight rebound
in overall economic activity in China.

Spot: On April 6, Shanghai spot aluminum trading concentrated 11810-11820 yuan / ton, flat water to premium 10 yuan / ton
.
Holiday East China arrival less, social inventory continues to decrease, today's low aluminum sorting, there is still room for growth, holders control shipments, middlemen take advantage of the low level of a small amount of replenishment, downstream on-demand procurement, market transactions have rebounded
.

In terms of inventory: the latest inventory of London Metal Exchange (LME) 5-day aluminum was 2769925 metric tons, down 6350 metric tons from the previous trading day's inventory, and the latest inventory of aluminum alloy was 16880 metric tons, unchanged
from the previous trading day's inventory.
Recently, the surrounding metals have not performed well, and the pressure above Shanghai aluminum has gradually increased, and there may be adjustments within the day, and spot aluminum may be suspended
.