Core: "Harvey" transit, Irma and "soldiers under the city", Goldman Sachs will be the third quarter of the US economy is expected to cut 0.8 percentage points to 2.0%, down 30%, and hope to revive the US economy after the disaster. Mengyi 1 million tons / year electrolytic aluminum project is expected to put into operation in mid-November.


【Latest market】


● LME electronic disk copper 6747 up 66.5, aluminum 2121.5 up 30, zinc 3088 up 54.5, lead 2278.5 rose 13, nickel 11835 rose 330, tin 20750 up 200.


● International gold 1328.2 up 0.62, silver 17.81 up 0.01, platinum 990.66 down 0.8, palladium 936 rose 0.14.


● LME inventory copper 208425 by 4750 tons; aluminum stocks 13,20050 by 1450 tons; zinc inventory 240425 by 1375 tons; lead inventory 164025 by 350 tons; nickel stocks 382878 by 2100 tons; tin inventory 1895 by 20 tons.


● Shanghai Futures Exchange Daily warehouse receipts copper 63494 minus 858; aluminum 463088 by 8477; zinc 23120 minus 225; lead 12369 minus 906; tin 9065 minus 42; nickel 54253 by 779.


[LME interpretation and today's forecast]


● Lao bronze early assessment: after the weekend crash, the first trading day this week, metal rebounded across the board. Copper rose 1 percent to $ 6747. Short-term market is still possible to repeat, the proposed temporary wait and see.


● Lun aluminum early assessment: yesterday, the end of aluminum in recent days to adjust the market, a strong rebound in the session, closing up 1.43%, short-term material Lun aluminum shocks or break through the early 2145 high; Shanghai aluminum is expected to impact 17,000


● Lun lead early assessment: overnight Lun lead after the shock, temporarily to rise to close, the current rebound is still relatively weak momentum; but if the surrounding metal can continue to rise, the lead price is also difficult to fall sharply short-term.


● Lun zinc early assessment: overnight Zun zinc was pick up trend, closing up nearly 2%; although the trend and slightly stabilized, but still need to focus on short-term rebound in the sustainability of the above pressure can temporarily see 3160 line


● Lun tin early assessment: Friday was thrown - aftermarket, the market dips to undertake a high enthusiasm for buying, overnight fund rebounded across the board, Lun tin to recover all the decline, heavy moving average above the system, short-term or high volatility


● Lun Nickel early assessment: overnight base metal rebound across the board, Lun nickel in the 20 day moving average to be supported; due to the nature of oversold bounce, short-term market will continue to be repeated, the recent observation can stop this.


【Industry Interpretation】


● Mongolia 1 million tons / year electrolytic aluminum project is expected to put into operation in mid-November


Inner Mongolia Mengtai Coal & Electricity Group Co., Ltd. 1 million tons / year electrolytic aluminum project a project with an annual output of 500,000 tons of electrolytic aluminum, a total investment of 3 billion yuan. The main project of the project has been completed, chimneys, circuits and other ancillary works is expected to be completed by the end of the year. Production equipment has been ordered, the main equipment completed by the end of October installation, plans to put into operation in mid-November.


● Jinling Mining Company under the production unit to resume production of the announcement


Shandong Jinling Mining Company under the production unit called the sub-mine received Zibo City Linzi District Safety Supervision Bureau on-site inspection and processing decisions, due to the existence of certain security risks, the demand for suspend production for rectification. By the Zibo City Linzi District Safety Supervision Bureau staff on-site inspection and acceptance, on September 8 issued a "rectification review opinion book", that call the mine with the safety of production conditions, agreed to resume production. As of the announcement date, the company under the production unit call mouth mine has resumed production.


[Financial Express]


The Dow Jones index rose 259.6, the Nasdaq 6432.26 rose 72.07, the CRB index fell by 1.11, the dollar index was 91.87, the euro / dollar 1.1962 rose 0.0009, the dollar / yen 109.33 fell 0.05, the US crude oil 48.07 fell 0.03.


【Finance】


● Goldman Sachs sharply down the third quarter of the US economy is expected to follow the hurricane is the culprit


"Harvey" transit, Irma and "soldiers under the city", Goldman Sachs will be the third quarter of the US economy is expected to cut 0.8 percentage points to 2.0%, down 30%, and hope to revive the US economy.


● European Central Bank executive committee Coeure said the euro appreciation may be lower inflation


ECB Executive Committee Coeure: There is convincing evidence in the world that unconventional policies have been successful. During the economic recovery, confidence and monetary stimulus policies are expected to offset or partially offset the slowdown in inflation caused by stronger exchange rates. Monetary policy has never been isolated from the exchange rate. Exchange rate fluctuations are uncertain sources and must be monitored.