Aluminum prices fell under pressure, and the short-term rebound momentum was insufficient

Macro: The latest U.
S.
jobless claims unexpectedly climbed last week, hitting a more than one-year high, further adding to concerns about the U.
S.
job market, and international metals fell
across the board overnight.
As the peak season comes to an end, China's economy is still facing downward pressure, which will keep nonferrous prices in a weak pattern
.

Market: In East China, middlemen and downstream wait-and-see sentiment suddenly emerged, market transactions cooled rapidly, and holders lowered prices
with the market.
In South China, the inventory of downstream enterprises is relatively sufficient, and the willingness to receive goods has fallen significantly, but there are large traders replenishing, holders sell at a high price in the early stage, and aluminum fell in the month with the late 11 o'clock, and the holders lowered the price with the market, and the overall transaction was mainly concentrated among
traders.

In terms of news: customs data show that Russia's aluminum exports to countries outside the CIS fell in the first three months of 2016, and from January to March this year, Russia exported 838,300 tons of aluminum to countries outside the CIS, down from 899,000 tons in the same period last year; Exports of 14,000 tonnes of aluminum to CIS countries were up from 12,300 tonnes
in the same period last year.
From January to March, Russia exported a total of 852,300 tons of aluminum, down from 911,300 tons
in the same period last year.

At present, the main force of Shanghai aluminum returns to the 10,000 200 mark, but the performance of aluminum is obviously insufficient kinetic energy, Shanghai aluminum in the tight supply support, barely standing on the "10,000 two" mark, short-term rebound momentum is obviously insufficient, it is expected that the short-term market to maintain a sideways possibility is greater, pay attention to the Shanghai aluminum 10,000 2 mark
.