Shanghai aluminum fell from high levels on Tuesday. The average price of spot SMM is 19,250 yuan/ton, flat, with a discount of 50 yuan/ton for the month. The average spot price of Southern Reserve is 19,200 yuan/ton, down 20 yuan/ton, and the discount for the month is 95 yuan/ton. According to SMM, the inventory of aluminum ingots on March 18 was 847,000 tons, an increase of 0.4 tons from the previous week. Aluminum rods 249,700 tons, down 0.500 tons from last week.

      Yen interest rate increase shrinks global liquidity on the margin of bearish commodity prices, in addition to the Federal Reserve interest rate decision on Thursday morning, the market is cautious, aluminum prices may have a high adjustment. Fundamentals, the import window has been closed recently, the aluminum ingot accumulation has slowed down significantly, Yunnan's resumption of production to output is expected to have at least one month, although the aluminum price is expected to be adjusted for a short time, but the support below is still strong.

     Operation suggestion: call back every dip to do more, interperiod positive set.

     (Managing Editor: Ying Ying)