Macro Optimism & Robust Fundamentals Drive Aluminum Prices Amid Strong Volatility: SMM Aluminum Morning Meeting Summary

Publicado: Sep 20, 2024 08:54
【SMM Aluminum Morning Meeting Summary: Bullish Macroeconomic Factors and Robust Fundamentals Support Aluminum Prices in a Relatively Strong Volatility】On the macroeconomic front, the Federal Reserve cut interest rates as scheduled, with the magnitude of the cut slightly exceeding market expectations, leading to a surge and subsequent decline in foreign metal prices. Domestically, the market is generally focused on the adjustment of the new round of Loan Prime Rates (LPR), with macroeconomic sentiment picking up, which is bullish for the metal market. Fundamentally, the domestic aluminum smelting market has experienced a slight increase in supply, with the "golden September and silver October" period boosting downstream consumption, which remains mainly positive...

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【SMM Aluminum Morning Meeting Summary: Bullish Macroeconomic Factors a - Shanghai Metals Market (SMM)