The US non-farm payrolls data was better than expected, and Shanghai aluminum continued to be strong

The US non-farm payrolls data was much better than expected to support the base metals market sentiment, and the international metals were higher across the board the next week, with London aluminum closing up $12, and the latest quotation was $1587, an increase of 0.
76%; Today's Shanghai aluminum opening is mixed, the current month 1603 contract opened at 11280 yuan, down 20 yuan, 9:20 Shanghai aluminum 1603 contract latest price is 11390 yuan, up 90 yuan; This week is still in the time of the two sessions, the market sentiment is warm, Shanghai aluminum or continue to be strong
.

The latest inventory of London Metal Exchange (LME) 4-day aluminum was 2798250 metric tons, an increase of 6,325 metric tons from the previous trading day, and the latest inventory of aluminum alloy was 16,100 metric tons, unchanged
from the previous trading day.

Last week's aluminum price continued the previous week's rally, AOO aluminum ingot weekly average price was 11150 yuan / ton, both up 22 yuan, Chinalco East China AOO aluminum ingot weekly average price was 11236 yuan / ton, both up 22 yuan / ton; This week, China factors dominated, market sentiment improved, Shanghai aluminum remained strong, and spot aluminum is expected to rise
today.

TOKYO, March 4 - Japanese aluminum importers are negotiating aluminum premiums for the second quarter with four producers, and Japanese buyers offered a premium of $110 per ton compared with the LME spot price, CIF Port of Japan, continuing the first-quarter level
, sources involved in the negotiations said on Thursday.
Producers said that aluminum inventories in Japan's main ports fell before the second quarter, suggesting that the market will move higher, and the second quarter is the peak season
for Japanese aluminum consumption.
Japanese importers insisted that Japanese aluminum stocks stood at 360,000 tonnes at the end of January, 100,000 tonnes
above normal levels.