Shanghai aluminum afternoon comment on November 2

On the news, China's manufacturing PMI in October was 49.
2%, down 0.
9 percentage points from the previous month, lower than market expectations; the inflation rate of the 19 eurozone countries in October was as high as 10.
7%, hitting the peak since records began in 1997, and the recessionary pressure in the euro area rose
.

The risk of forcing positions in low metal warehouses is strong, prices have strong support, and the Fed's interest rate expectations in the early hours of Thursday morning may weaken, pushing market sentiment to pick up, but recession pressure has increased, and price trends have come under pressure
.
Recently, the domestic recession pressure has risen, demand has slowed, and commodities have fallen under pressure, but spot performance has begun to improve, and prices are expected to gradually stabilize and rise, and short-term recommendations are wait-and-see
.