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Trade Service
During the Qingming holiday, Lun Aluminum stopped 8 consecutive clouds
.
Last Wednesday, the LME aluminum March contract closed in a narrow range after the Asian market close, and the price began to fall to a low of $1977 on Thursday, and the price rose sharply on Friday to rush up $2,063, closing at $2,058, up $53, or 2.
64%
for the week.
In terms of industry, the US sanctions against Russia involve the Russian aluminum industry, affected by this, Western aluminum supply may weaken, in addition to the first decline in the last period of aluminum inventory in more than 9 months, aluminum market bullish sentiment has been high, pay attention to the later aluminum market inventory
.
In terms of news, the US non-farm payrolls rose by 103,000 in March, compared with 185,000 expected and 313,000
in the previous month.
The number of new nonfarm payrolls in the United States was far from expected
.
With a volatile market during the holiday season, the trade war remains the dominant factor, and it seems unlikely that the trade war situation will deteriorate rapidly and may continue to enter negotiations in the next 60 days
.
Market conditions remain uncertain and wait-and-see sentiment is strong
.
