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First, macroeconomics
First, macroeconomicsDomestic: According to data from the National Bureau of Statistics, in April 2017, the total level of consumer prices in the country increased by 1.
2%
year-on-year.
Among them, urban increased by 1.
3%, rural increased by 0.
8%; Food prices fell by 3.
5% and non-food prices by 2.
4%; Consumer goods rose 0.
2 percent and services 2.
9 percent
.
On average from January to April, the total level of consumer prices in the country increased by 1.
4%
over the same period last year.
In April, the overall level of consumer prices in the country rose by 0.
1%
month-on-month.
Among them, urban areas rose by 0.
1%, rural areas flat; Food prices fell by 0.
6% and non-food prices rose by 0.
2%; Consumer prices fell 0.
1 percent and service prices rose 0.
4 percent
.
International: Data on Thursday (May 11) showed that the number of initial jobless claims in the United States has been below the 300,000 mark for 114 consecutive weeks, and the number of renewed jobless claims in the United States in the week to April 29 also fell to the lowest since November 1988; This indicates that the US labor market is tightening rapidly, approaching full employment, one of the Fed's goals, which is expected to give the Fed the courage
to raise interest rates in June.
Initial jobless claims fell by 2,000 in the week ended May 6 to 236,000 on a seasonally adjusted basis, compared with analysts' estimates of 245,000
, according to the Labor Department (DOL) report.
Below 300,000, the figure reflects good
conditions in the job market.
2.
Analysis of this month's market trend
(i) Market analysis
(i) Market analysis
Analysis of key products of cable raw materials (aluminum): This week, domestic aluminum prices stabilized after a sharp decline, and basically maintained a low overall trend
.
The price fell under pressure after a slight surge at the beginning of the week, and the price fell for a while, after which the price stabilized and fluctuated
in a wide range.
Represented by the Yangtze River nonferrous spot market, according to the monitoring data of the cable network, the price of A00 aluminum ingots at the beginning of the week was 13740 yuan / ton, and the price on Friday was 13680 yuan / ton, down 60 yuan, or 0.
44%.
Macro: Recently, the inflation data released by the United States, whether it is its April import price index annual rate or PPI annual rate, has recorded a sharp recovery beyond expectations, indicating that the US inflation outlook is good, while the US retail sales monthly rate has fallen for three consecutive months, the market expects April data or a sharp upward revision, if in line with expectations, good economic data will continue to increase the probability of the Fed to raise interest rates in June, interest rate hike expectations are getting stronger and stronger, aluminum prices are under pressure and volatile
.
Domestically, dragged down by the decline of Lunaluminum, Shanghai aluminum fell at the beginning of the week, and then stopped falling and stabilized
.
Although Shandong's policy to reduce production capacity has not yet made substantial progress, but traders strong selling prices make aluminum prices firm, aluminum prices into a dilemma pattern, is expected to fluctuate unchanged next week, or rise slightly, but the upside is limited
.
Market: At the beginning of this week, aluminum prices fell sharply, downstream wait-and-see sentiment is strong, holders also ship poorly, the overall trading situation is general, Tuesday with the stabilization of aluminum prices, transaction slightly improved, Chinese merchants inquiry positive, bargain hunting willingness is strong, Wednesday aluminum volatility slows down, holders continue to maintain premium price shipments, morning downstream bargaining continues to receive goods, demand is stable, trading remains active, Thursday downstream near the weekend did not show stock demand, are mainly on-demand procurement, market trading conditions are general, holders in aluminum prices after the plunge to sell , keep a small amount of premium at a high price shipment
.
On the last trading day of the week, aluminum prices regained their upward trend, downstream weekend replenishment demand increased, and holders shipped goods at high prices, and the transaction was good
.
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