Shanghai aluminum material sideways easing downward pressure

Last week's domestic macro data performance was lower than expected, the GDP growth rate in the third quarter was lower than expected and the previous value, the added value of industries above designated size in September was lower than expected and the previous value, and the growth rate of real estate development investment from January to September was 9.
9%, down 0.
2 percentage points from the growth rate from January to August, and the downward pressure on the economy was greater, and the outlook for metal news was negative
.

At present, overseas alumina prices continue to fall, domestic alumina prices this week slowed down, including the Oriental hope Jinzhong maintenance, Jin Jiang Group's alumina load reduction and Xinfa intersection to stop some production lines, release a signal of reduced production, but the actual impact of the amount remains to be seen, alumina prices in 3,000 yuan / ton there is a tug-of-war, the main factors dragging down aluminum prices after the National Day have come to an end
.

In the second week after the holiday, the downstream processing industry started to improve month-on-month, and aluminum prices fell to a low level, and downstream willingness to receive goods improved
.
In the medium term, terminal consumption will gradually bid farewell to the current small peak season, supply and demand are in a weak pattern, and aluminum prices are weak and difficult to change; In the short term, the concentrated news of a small reduction in alumina production and the improvement of primary aluminum consumption in the small peak season eased the downward pressure on aluminum prices
.

In terms of news,

1.
The total number of existing home sales in the United States in September was 5.
15 million annualized, and the expected 5.
29 million households, compared with the previous value of
5.
34 million households revised to 5.
33 million.
Total US existing home sales in September were -3.
4% annualized month-on-month, down for the sixth consecutive month, -0.
9% expected, revised from -0.
2%
in the previous month.

2.
The interest expense of the first set of housing loan incurred by the taxpayer or his spouse can be deducted according to the standard fixed amount of 1,000 yuan per month; Housing rent is deducted at a fixed rate of 800 yuan to 1,200 yuan per month according to the city where the taxpayer rents the housing; If a taxpayer supports parents aged 60 or above, it will be deducted according to the standard amount of 2,000 yuan per month; The portion of the taxpayer's out-of-pocket medical expenses incurred in a tax year exceeding RMB15,000 may be deducted within the annual limit of RMB60,000; the expenses related to the taxpayer's children receiving preschool education and academic education shall be deducted at the standard fixed amount of RMB12,000 (RMB1,000 per month) per child per year; and the taxpayer's expenses for receiving academic or non-academic continuing education can be deducted
at a fixed amount of RMB3,600 or RMB4,800 per year during the specified period.