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On Friday morning, Lun Aluminum was affected by the Federal Reserve's unexpected announcement of the balance sheet reduction plan, coupled with the US air strike on Syria, the market risk aversion appeared, and Lun Aluminum fluctuated lower
.
Driven by domestic Shanghai aluminum in the night session, Lun aluminum rebounded at a low level and returned to the $1960 line
.
Positive fundamentals: US nonfarm payrolls hit its worst 10-month hit in March, but the unemployment rate fell to a nearly 10-year low
.
U.
S.
non-farm payrolls rose by 98,000 in March, far below expectations of 180,000 versus 235,000 in the previous month, but the unemployment rate data seems to be doing well, with the unemployment rate of 4.
5% in March, a decade low, and 4.
7% expected, compared with 4.
7%
in the previous month.
Risk aversion surged after the bad NFP data, but soon after, the market realized that the US March NFP data might not be as bad as it seemed, and the market began to reverse
.
Bearish fundamentals: Market risk aversion triggered by the US military strike on Syria is still spreading
.
On Friday, the main force of domestic futures closed sharply lower, and the black, nonferrous and chemical markets suffered "Black Friday", and iron ore once touched the drop limit
.
A number of economic data will be released this week, coupled with the US aircraft carrier to North Korea, aggravate regional instability, it is expected that Lun aluminum will fluctuate in the range of 1930-1970 US dollars, pay attention to the support of the two short-term averages below 5 days and 10 days, and it is recommended to wait and see
.
