SMM Aluminum Morning Brief: Fed Rate Cut Outlook Unclear, Aluminum Prices Fluctuate Amid Supply Tightness

Publicado: Sep 23, 2024 08:55
[SMM Aluminum Morning Meeting Summary: The Fed's Attitude towards Interest Rate Cut in November Remains Uncertain, Short-term Aluminum Prices Maintain a Relatively Strong Fluctuation] On the macro front, the Federal Reserve's attitude towards an interest rate cut in November remains uncertain, with the probabilities of a 50BP and 25BP cut currently close to even. The market is awaiting the release of the Fed's employment and inflation data this week, while the domestic Loan Prime Rate (LPR) remains unchanged, slightly disappointing domestic macro sentiment expectations. Fundamentally, the domestic aluminum smelting market supply side has increased slightly, alumina prices have fluctuated relatively strongly due to tight supply, and the domestic aluminum smelting cost side has consolidated at a high level...

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