The ups and downs in the overseas political and economic situation since April still affect the financial market. At present, the global financial market is in turmoil, and commodities, especially oil, gas, aluminum, nickel and agricultural products, fluctuate violently.

With the continuation of the Ukraine-Russian war and the deepening of sanctions by the United States and Europe, when the EU has not found an energy solution, energy prices will remain high, and electrolytic aluminum is a "solidified form" of energy, and overseas electrolytic aluminum is at a high level.

Australia has banned the export of bauxite, alumina and related products to Russia, and the supply of aluminum ingots in foreign markets will be further reduced. The current global supply of aluminum ingots is still tight.

The EU will discuss further sanctions on Russia this week, including a proposed ban on imports of Russian coal, which, under EU rules, requires the unanimous consent of the 27 member states to take effect.

On the macro front, the US dollar index continued to strengthen slightly on the previous trading day, rising above 99.8, continuing to refresh a new high in the past two years. The market's expectations for the pace of the Fed's rate hike have increased again. The US dollar is expected to remain strong during the rate hike process. nice

Fed meeting minutes: FOMC one or more one-time rate hikes of 50 basis points possible.

On April 7, LME aluminum inventories decreased by 100 tons to 619,800 tons compared with the previous trading day. LME inventories continued to fall below 620,000 tons, European and American trade premiums continued to rise, supply concerns lingered, and extremely low European inventories limited the correction of LME aluminum prices.

On Thursday evening, the global financial market gradually digested the pressure of the Fed's roadmap to shrink its balance sheet. As of Thursday's close, LME aluminum futures closed at $3,400 per ton, down 0.92%.

Energy prices in the international market have fallen recently, with crude oil at $96.05 per barrel, a 3-week low, and Brent crude oil fell below $100 intraday. Falling oil prices also put downward pressure on aluminum prices. However, the situation in Russia and Ukraine has been repeated, and the European natural gas problem is far-reaching and difficult to solve in the short term.

The situation in Russia and Ukraine is repeated, the energy shortage is difficult to solve in the short term, overseas reported inventories continue to fall, premiums continue to rise, the supply and demand pattern continues to be tight, and LME aluminum prices are strong under the support of extremely low inventories in Western Europe.

DONGHENG ALUMINUM is a large-scale industrial and trade integration enterprise integrating R&D, production and sales. The company has more than 100 outstanding employees and is located in the beautiful Qingdao. Mainly engaged in the production and sales of aluminum sheets, foils and coils. The company's scale has been continuously expanded, and its sales network has covered more than 60 countries around the world. The company takes the initiative to undertake social responsibilities, and regards ecological environmental protection as the key task of development.