SHANGHAI, Apr 11 (SMM) - On the macro level, US Federal Reserve officials repeatedly sent hawkish signals, growing market expectations for the Fed to raise interest rates.
In terms of fundamentals, the domestic aluminium supply will maintain a slow upward trend in the second quarter. The demand is gradually picking up, and aluminium ingot social inventory has maintained a destocking cycle.
With supply and demand both growing, coupled with macro headwinds, the short-term aluminium prices may move rangebound. It is necessary to pay attention to power supply situation in Yunnan and the pace of interest rate hikes by the Federal Reserve.
