December 11th Comprehensive Market Analysis News: Today, the average price of non-ferrous aluminum in the Yangtze River fell by 10 to 13260, and the average price of non-ferrous aluminum in the South China Sea rose by 10 to 13650. Shanghai aluminum spot monthly contract 1412 opened 13220, the highest 13285, the lowest 13220, closed at 13265, up 5 or 0.04%. As of press time, Lun Aluminum 3 reported 1955.75, and the US dollar index was 88.17.
1. Source: The central bank is relaxing the implementation of the loan and deposit-loan ratio to encourage banks to accelerate loan lending. The central bank has begun to adjust the scale of the loan of interest from October, and the regulatory authorities have also relaxed the strict restrictions on deposit-loan ratio, making room for credit creation. In addition, China has set a new credit target of 10 trillion yuan this year. (Reuters) According to a report released by the central bank, RMB loans increased by 8.23 trillion yuan in the first 10 months of this year.
2. China's fiscal expenditure in November was 1.28 trillion yuan, a year-on-year increase of 0.8%. From January to November, the national fiscal expenditure was 1,263.08 billion yuan, an increase of 1161.1 billion yuan over the same period of last year, an increase of 10.1%, and 82.5% of the budget was completed. China’s fiscal revenue in November was 95.53 billion yuan, up 9.1% year-on-year. From January to November, the national fiscal revenue was 1,299.5 billion yuan, an increase of 94.94 billion yuan or 8.3% over the same period last year.
3, Germany's November CPI final value of 0.0%, expected 0.0%, initial value of 0.0%. Germany's November CPI final value of 0.6% year-on-year, a four-and-a-half-year low, expected 0.6%, initial value of 0.6%. Germany's November reconciliation CPI final value of 0.0%, expected 0.0%, initial value of 0.0%. Germany's November reconciliation CPI final value of 0.5% year-on-year, expected 0.5%, initial value of 0.5%. Analysis of aluminum price tomorrow: The market news in the domestic trading session was flat, and the basic metals were generally oscillating. Shanghai Aluminum followed a small increase and pulled up late. Overall Shanghai Aluminum continued to maintain a negative trend, and the short-term repeated does not change the trend downward. The aluminum price of the future will not change much and is for reference only.