The US economy is recovering strongly, the manufacturing industry is recovering steadily, inflationary pressures are not strong, unemployment data is improving, and GDP is exceeding expectations. Good economic recovery performance led the Fed to end QE purchases as expected at the October meeting. However, the horizontal comparison of the euro zone did not improve, the European Central Bank released positive water, China's reform pace was rapid, and the bottom line was decentralized to insist on not releasing water on a large scale. The Fed’s policies are more than adequate and there is no rush to raise interest rates. But the general direction of withdrawing from loose monetary policy has been set. On the macro level, there is no major bearishness in general.
The researcher believes that the technical side of the Lun aluminum 2120 maintains a downward trend under the pressure, the 1900 support is effective, Lun aluminum is obviously strong, and it is expected to continue to attack after standing 2000 again. Shanghai Aluminum was obviously weak, although the support around 13600 did not fall, but the rebound was weak. Pay attention to the performance of this location.
Researcher's point of view: Compared with other major economies such as the Eurozone and Japan, the US economic recovery has already shown its performance in the US dollar breaking through 87. The pace of China's reform is accelerating, and the pain is inevitable. The continued downturn in the real estate industry has also seriously dragged down the performance of domestic commodities represented by the black industrial chain. From the fundamentals of the industry, aluminum production has not decreased, but the pressure effect brought about by the resumption of production has gradually emerged, and the output growth rate has even shown a rising momentum. Downstream real estate declines and car growth rates are also declining every quarter, and gold, nine, and silver are bleak. However, the recent aluminum price in the South China Sea has rebounded significantly due to tight local spot stocks and a short-term improvement in supply and demand. Under the premise that the macro environment is still stable, under the influence of the bottom-line thinking of the growth of GDP data in the provinces at the end of the year, it is difficult for aluminum prices to fall sharply. In November, aluminum prices are expected to continue to oscillate and weaken. for reference only.