SMM Aluminum Market Update: Inventory Reduction Stalled, Shanghai Prices Wobble Amid Fed Policy Anticipation

Published: Aug 30, 2024 08:58

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[SMM Aluminum Morning Meeting Summary: The Process of Aluminum Ingot Inventory Reduction is Blocked Again, Shanghai Aluminum Prices Fluctuated and Weakened] On the macro front, the market has gradually digested expectations of the Fed's easing policy next month, and is currently focusing on Friday's Personal Consumption Expenditure (PCE) Price Index, which is the inflation indicator favored by the Fed. This may provide more clues for the extent of interest rate cuts in September and the pace of future easing cycles. On the fundamental front, the domestic electrolytic aluminum supply side is experiencing short-term...

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