Alumina Futures 2605 Contract Retreats After Rally Amid Weakening Momentum

During a closed-door meeting with Republican senators, US Treasury Secretary Besant reached a consensus to transfer the investigative authority over Fed Chairman Powell from the Department of Justice to the Senate Banking Committee. According to informed sources, this move aims to persuade Senator Thom Tillis to cease obstructing the nomination of Wash for the position of Fed Chairman.

According to data from the Passenger Car Association, China's passenger vehicle retail market showed some changes in January this year. Total retail sales reached 1.544 million units, down 13.9% YoY. By segment, passenger NEV retail sales were 596,000 units, also declining, with a drop of 20%. However, in terms of exports, passenger NEVs demonstrated strong growth momentum. Exports in January reached 286,000 units, up 103.6% YoY, accounting for 49.6% of total passenger vehicle exports.

The State Administration for Market Regulation has issued the "Guidelines for Price Compliance in the Automotive Industry" to regulate the phenomenon of "involution-style" competition. The guidelines address prominent issues such as "paid unlocking" and clearly define price compliance standards for every stage, from vehicle manufacturing to parts production, and from pricing strategies to sales practices. Additionally, specific and targeted regulatory requirements have been established for violations in new auto sales, including failure to display prices as required and deceptive sales promotions.