[SMM Aluminum Morning Meeting Summary: Regional Environmental Protection-Driven Production Restrictions Drag Down Aluminum Downstream Operating Rates, Focus on US Fed Interest Rate Decision Tonight]
On the macro front, the US dollar index hovered at highs, closing up 0.088%, while metals broadly declined overnight. US PMI data showed a divergence between manufacturing and services performance, and expectations for an interest rate cut remained largely unchanged as investors awaited the US Fed interest rate decision.

![El precio de la alúmina retrocede tras un rápido ascenso con una consolidación de volumen decreciente; el índice spot deja de caer y repunta ligeramente; el patrón de oferta fuerte y demanda débil se mantiene sin cambios [Comentario matutino de SMM sobre la alúmina]](https://imgqn.smm.cn/usercenter/SBQYr20251217171651.jpg)
![El aluminio en la SHFE sigue subiendo; el diferencial de precios Guangdong-Shanghái atrae significativamente el traslado de mercancías [Revisión de mediodía del aluminio al contado de SMM]](https://imgqn.smm.cn/usercenter/VTjoW20251217171653.jpg)
