The dollar fell slightly in the high aluminum
analysis of cable net; [] market: the Fed's monetary policy statement last month in a more dovish remarks to the market surprise, it has said in no hurry to raise interest rates, and cut on expectations of future economic growth. Investors remain cautious in the month before the Fed minutes released; in addition, in February the German industrial orders data downward pressure on the basic metals market upward, superposition of negative factors, the domestic aluminum material today will once again be vulnerable to fall.
News: 1, the Fed's Powell said, the economy is expected to be in 2015 to raise interest rates later. Time to first rate hike may be the fastest in June.
2, Li Keqiang: the appropriate reduction of coal-fired electricity price and commercial and industrial electricity prices. One is in accordance with the coal price linkage mechanism, a cut in the national coal-fired electricity price of about 2 cents per kilowatt hour. Two is the implementation of commercial electricity and industry with the price of electricity, the national industry and Commerce electricity price per kWh by about 1.8 cents of electricity, reduce enterprise burden. Continue to adopt the differential power prices on the high energy consuming industries, and increase the specific directory, the enforcement of punitive tariffs. Three is the use of appropriate guidance price space, natural gas price and denitration, dust, ultra low emissions and other environmental price prominent structural contradictions, promote energy conservation and the prevention and control of atmospheric pollution.
Conclusion: the Fed hinted that interest rates still tend to the second half of the year, the dollar is influenced by the slightly higher, the basic metals overall pressure drop, at the same time, the domestic macro news light, limited guidance on aluminum prices, short-term domestic aluminum will maintain downward pattern, low possibility of rebound.
