Shanghai aluminum shock operation downstream demand recovery

Today's London aluminum opened high, LME three-month aluminum Beijing time at 15:00 at 2168.
5 US dollars / ton, up 2.
5 US dollars, or 0.
12%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 17070-17110 yuan / ton, down 80 yuan; Guangdong South Reserve reported 17050-17110 yuan / ton, down 100 yuan; Hua reported 17180-17200 yuan / ton, down 90 yuan
.
Holders ship a lot, large households are generally enthusiastic about receiving goods, and the transaction activity is acceptable
.
In the short term, the overall price center of gravity is still concentrated above Wanqi, which attracts some downstream just needs to enter the market at this price, and as downstream inventories fall, it is expected that procurement demand will still have room
for further recovery.

Fundamentally, the current domestic consumption of aluminum ingot inventory accumulation rate slowed down, in the short term, the accumulation decline in line with previous expectations, the current market generally believes that the high point of inventory is around 1.
3 million tons, downstream demand recovery, inventory inflection point or in the middle and late of this month, in the medium term continue to pay attention to the change of long and short sentiment, it is recommended that upstream increase shipments, downstream procurement on demand, cautious chasing higher
.
Fundamentals focus on the impact
of new information from the "Two Sessions" on short-term sentiment fluctuations in the market.