U.S. data is good, and Shanghai aluminum continues to rise

News side: 1.
Federal Reserve's Beige Book: Economic activity expands
in most regions.
The labour market continues to improve
.
Most regions reported stable consumer prices
.
Manufacturing was flat, with obstacles coming from a weak energy sector
.
Credit demand has increased in most regions and credit quality has been stable
.
Two local Feds reported moderate growth, while four others reported moderated
growth.
Housing sales are rising in most areas and housing inventory is on the low
side.

2.
The number of ADP employment in the United States in February was +214,000, expected to +190,000, and the previous value was revised from +205,000 to 193,000
.

3.
Williams: The Fed's interest rate path may change
slightly after the March meeting.
Refusing to take a position
on his position at the March monetary policy meeting.
The Fed may "screw here or there"
at the timing of rate hikes.
The economic outlook has not changed
dramatically.
The U.
S.
economy shows no signs
of vulnerability.
Any change in the path of interest rates will likely be subtle
.
We will not implement negative interest rates
.
The Fed is on track
to raise interest rates.
Prefer forward guidance and QE
to negative interest rates.

Today's aluminum price analysis: the content of the US Beige Book is good, ADP employment data exceeds expectations, overnight industrial products continue to rise, base metals rise to varying degrees
.
The short-term rise of Shanghai aluminum continued, mainly sideways for consecutive days
.
Today's aluminum prices are expected to rise, for reference
only.