International aspects:
1. Driven by rising energy prices, the US consumer price index (CPI) rose for the first time in four months, but the core inflation rate remained mild due to the weak economy.
2. Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said on Friday that the US economy is recovering and the Fed must raise interest rates to prevent its fiscal policy from accumulating future fiscal imbalances.
Related market review:
Crude oil fell slightly on Friday, which was the fourth consecutive trading day of oil prices, mainly due to the dollar's strength and the slowdown in economic recovery, which put pressure on oil prices. Oil prices fell more than $5 last week as economic data showed a slowdown in global economic recovery, which in turn caused the market to worry that crude oil demand would fall.
The dollar was higher against the euro, as concerns over the continued slowdown in global economic growth prompted investors to buy safe-haven currencies. The euro continued its decline and fell 3.9% last week. The market has once again raised concerns about the negative impact of austerity measures in some countries in the euro zone.
Shanghai aluminum market analysis:
Market Review: Shanghai Aluminum last week showed a general recovery trend. After the continuous increase in the previous period, it began to fall sharply on Tuesday. Due to many factors, it rebounded strongly after the low 60-day moving average, and pulled again last Friday. L, Shanghai Aluminum 1011 contract closed at 15535. LME aluminum stocks fell by 1,850 tons on Friday; the Shanghai Stock Exchange's aluminum stocks fell by 31 tons last week.
A comprehensive view: Fed officials said that interest rates must be raised to avoid an increase in fiscal imbalances in the future, which has helped the dollar continue to rise and dragged down dollar-denominated commodities. In addition, concerns about the slowdown in the global economic recovery have also hit market sentiment.
London metal fell back, Lun aluminum back to the 20-day moving average, may drag Shanghai aluminum short-term weak, the main adjustment range of 1011 contract is 15350-15500, but will not change the long-term upward trend. Spot aluminum prices are relatively stable, and today may be basically the same as last Friday's offer.
1. Driven by rising energy prices, the US consumer price index (CPI) rose for the first time in four months, but the core inflation rate remained mild due to the weak economy.
2. Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said on Friday that the US economy is recovering and the Fed must raise interest rates to prevent its fiscal policy from accumulating future fiscal imbalances.
Related market review:
Crude oil fell slightly on Friday, which was the fourth consecutive trading day of oil prices, mainly due to the dollar's strength and the slowdown in economic recovery, which put pressure on oil prices. Oil prices fell more than $5 last week as economic data showed a slowdown in global economic recovery, which in turn caused the market to worry that crude oil demand would fall.
The dollar was higher against the euro, as concerns over the continued slowdown in global economic growth prompted investors to buy safe-haven currencies. The euro continued its decline and fell 3.9% last week. The market has once again raised concerns about the negative impact of austerity measures in some countries in the euro zone.
Shanghai aluminum market analysis:
Market Review: Shanghai Aluminum last week showed a general recovery trend. After the continuous increase in the previous period, it began to fall sharply on Tuesday. Due to many factors, it rebounded strongly after the low 60-day moving average, and pulled again last Friday. L, Shanghai Aluminum 1011 contract closed at 15535. LME aluminum stocks fell by 1,850 tons on Friday; the Shanghai Stock Exchange's aluminum stocks fell by 31 tons last week.
A comprehensive view: Fed officials said that interest rates must be raised to avoid an increase in fiscal imbalances in the future, which has helped the dollar continue to rise and dragged down dollar-denominated commodities. In addition, concerns about the slowdown in the global economic recovery have also hit market sentiment.
London metal fell back, Lun aluminum back to the 20-day moving average, may drag Shanghai aluminum short-term weak, the main adjustment range of 1011 contract is 15350-15500, but will not change the long-term upward trend. Spot aluminum prices are relatively stable, and today may be basically the same as last Friday's offer.
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