The external market is closed Today's Shanghai aluminum trend is independently weakly adjusted

News side: 1.
US durable goods orders in February were -2.
8% month-on-month, -3% expected, and the previous value of 4.
7% was revised to 4.
2%.

U.
S.
orders excluding durable goods orders for transportation in February were -1% month-on-month versus -0.
3% expected, and the previous reading of 1.
7% was revised to 1.
2%.

U.
S.
February orders excluding aircraft non-defense capital durable goods orders were -1.
8% month-on-month, -0.
5% expected, and revised from 3.
4% in the previous month to 3.
1%.

2.
The number of initial jobless claims in the United States in the week of March 19 was 265,000, compared with an expectation of 269,000, and the previous value of 265,000 was revised to 259,000
.
The number of renewed jobless claims in the United States for the week of March 12 was 2.
179 million, compared with 2.
235 million expected, and the previous value of 2.
235 million was revised to 2.
218 million
.

3.
The preliminary value of the Markit composite PMI in the United States in March was 51.
1, and the previous value was 50
.
The US Markit services PMI for March was 51 preliminary vs 51.
4 expected and 49.
7
previously.

4.
Fed FOMC Vote Committee Bullard: Given that the economy is in line with expectations, the next rate hike may not be too long
.
The Fed's pause in March ordered the world to downgrade its economic growth outlook
.
The U.
S.
and global economic outlooks declined slightly, and the U.
S.
domestic labor market outlook rose
slightly.
Failure to meet market expectations could damage the Fed's credibility
.
Inflation did not materialize as expected; Forecasts for short-term inflation proved wrong
.
It may be that special factors pushed up inflation in January and February; The jury is still out
on the impact of special factors on inflation.
The labor market surprised the Fed
.
If inflation expectations fall, interest rate
hikes are not expected.
Excessively frequent changes
in inflation expectations cannot be tolerated.

Today's aluminum price analysis: Fed senior officials have recently expressed a hawkish position, the dollar continues to rise, and base metals generally maintain a weak adjustment
.
After Lun aluminum fell below 1500, it continued to fluctuate downward, Shanghai aluminum remained weak in the night session, the domestic session rose again, the trend was independent, and the domestic rising funds continued to push up the market
.
Today's aluminum prices are expected to rise, for reference
only.