SMM Aluminum Morning Meeting: Alumina Up, Demand Weak, Prices to Fluctuate Downwards

[SMM Aluminum Morning Meeting Summary: Small and Medium-Sized Processing Enterprises Near Holiday, Alumina Production Up YoY This Year]

Overall, macro front, the US Fed's interest rate cut pace remains unclear, while the European Central Bank has delayed its interest rate cut. Fundamentals side, although supply-side pressure has slightly eased, off-season demand remains weak, and the risk of social inventory buildup continues to grow. In the short term, aluminum prices are expected to fluctuate downward...