September 3 Early Review: Lead prices weighed on the dollar to fall Lun lead to higher volatility

International market: Prior to the U.S. Federal Reserve Board Chairman Ben Bernanke said the high unemployment rate and worthy of "serious concern", which investors expect the Fed will launch a bond purchase program, or quantitative easing; addition, the United States also announced in July strong factory orders boosted the market, weighing on the dollar to fall, higher volatility LME base metals; LME Lead $ 16.25 higher than the previous close of $ 1,964; LME lead stocks on Friday reduced by 1250 tons to 310,225 tons.

LME Lead opened today, $ 1,960 higher than the previous day down $ 4; released over the weekend, China's official manufacturing PMI in August was 49.2%, is nine months since the first time fell below the 50% line ups and downs, this implies that China's industrial manufacturing sector is still in contraction, increasing the risk of decline in prices of non-ferrous metals market, combined with the main sub-indexes of view, the economy in the downstream gradual signs of bottoming, and the debt is still brewing in the affected period The lead facing callbacks pressure Concerned about the days of HSBC China PMI data in August.

Morning aluminum price forecast: by August PMI data fell below the 50 line ups and downs as well as influenced by movements in the outer disk, the main January 1211 contract opened 15,105 yuan flat compared with the previous trading day, today's spot or little change.

Highlights: at home and abroad
January 31, 1,8 a global central bank governors meeting in Jackson Hole, Wyoming. Fed Chairman Ben Bernanke speech to central bankers and economists at the annual economic forum, said the job market in the United States people deeply worried about the problem. He said, deliberative, non-traditional policy consideration can be controlled, which means that once the economic situation is really necessary, should not exclude the possibility of further quantitative easing.

2, the U.S. Department of Commerce (DOC) said on Friday (August 31), the country in July factory orders hit the biggest increase in the past year, a new bright spot in the manufacturing sector, shows that the U.S. economic recovery is being rebuilt kinetic energy. Also released data show that the U.S. July factory orders monthly rate rose 2.8%, to 4,786.2 billion U.S. dollars, is expected to rise 1.9%. July factory orders recorded since July 2011, the largest increase of the prices of precious metals. U.S. June factory orders down 0.5% rate for the month, the data has not been amended.

3,8 manufacturing PMI opened the prelude to the August macroeconomic data, this data, however, is not optimistic about the manufacturing PMI was only 49.2% in August, not only below the line ups and downs, more innovation nearly nine months a new low. The same time, the steel industry in August PMI more sharply, down 4.6 percentage points, to hit the lowest level since December 2008. The data show that China's economy is still down range, the face of weak economic situation in Europe and the United States recovery in the second half of "steady growth" or will be more focus on "steady domestic demand, the government will launch more stimulus policies to stimulate economic recovery.

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