Midday closep2egamecrypto, most of the main domestic futures contracts fell. Shanghai silver fell nearly 5%, alumina, international copper, Shanghai copper, and Shanghai nickel fell more than 4%, Shanghai tin fell more than 3%, fuel oil, Shanghai aluminum, Shanghai gold, ferrosilicon, caustic soda, Shanghai zinc, and pulp fell more than 2%; In terms of increase, rapeseed meal and cotton rose more than 1%, and No. 20 rubber (NR), coke, and soybean meal rose nearly 1%.

The minutes of the Federal Reserve meeting were inaccurate, and the sentiment of the Shanghai bank market weakened

Everbright Futures Comments: On Thursday, the main contract of Shanghai Bank 2408 went downward, with a decline of nearly 6%. Overnight, the minutes of the Federal Reserve's monetary policy meeting were released, and the fallibility significantly suppressed the market's expectations for interest rate cuts, causing the precious metals sector to further weaken. Spot gold prices in London fell 1.5 percent in overnight marketsp2egamecrypto.64%, closing at US$2,381.78 per ounce; spot silver prices fell even more, reaching 3.52%, closing at US$30.985 per ounce.

The latest minutes of the Federal Reserve's meeting show that policymakers believe that inflation data for the first quarter is not good and that inflation may take longer to fall back. The minutes suggested that the market should not rush to expect interest rates to be cut and that high interest rates may remain longer. In addition, some officials said that if inflation problems reignite, the Federal Reserve will raise interest rates further. This statement once again suppressed market sentiment.

On the whole, the hawkish statement in the minutes of the Federal Reserve meeting may cause Shanghai Bank to weaken in the short term. However, in the medium and long term, the central bank's support for gold purchases still exists, the Federal Reserve's monetary policy has remained loose, and the long-term trend of Shanghai banks can still be expected. Pay attention to the latest statements of Federal Reserve officials and the core PCE data that will be implemented next week.

Huafu Securities: The supply at the mine side is tight and the downstream demand for electrolytic aluminum is resilient

Huafu Securities Research News pointed out that the supply at the mine end is tight, the downstream demand for electrolytic aluminum is resilient, and the prices of alumina and electrolytic aluminum resonate. In terms of alumina, although there are rumors of resumption of production in the Shanxi and Henan regions, the recovery of mines is not good. At the same time, electrolytic aluminum production capacity in Yunnan and Inner Mongolia has been released one after another. The increase in demand will further drive the spot of alumina to be tight and the price will fluctuate upwards. In terms of electrolytic aluminum, on the supply side, electrolytic aluminum companies in Yunnan and other places have released production capacity, and supply continues to increase; on the demand side, the output of aluminum bars and aluminum plate companies has increased, mainly reflected in Guangxi, Guizhou, Shandong and other places, while real estate policies have boosted downstream consumer sentiment; in terms of inventories, due to the release of RUSAL's hidden inventories, LME inventories have increased significantly, while domestic electrolytic aluminum remains low. Short-term favorable real estate policies occur frequently, pessimistic expectations that real estate is dragging down aluminum consumption are gradually restored, and price increases remain unchanged. In the medium and long term, domestic ceilings + energy shortages continue to disturb, while demand for new energy remains strong, and the tight balance makes aluminum prices easy to rise and difficult to fall.