铝行业周报:美联储降息预期反复 铝价高位回落

国海证券
Nov 23, 2025

宏观:本周(11月17日-11月21日,下同)宏观面偏向利空 。海外方面,美国劳工统计局周四公布本该上月发布的9月非农报告,美国9月非农就业人口增长11.9万人,预期5.1万,但与此同时,8月份新增就业人数从增长2.2万人下修2.6万,至减少0.4万人,7月和8月非农就业人数合计下修3.3万人,也延续了今年“持续向下修正”的模式。美国9月失业率4.4%,高于预期和前值4.3%,为2021年10月...

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