SMM Forecast for Short-Term Aluminium Prices

SHANGHAI, Mar 27 (SMM) - On the macro level, the pace of the Fed's interest rate hike seems to be slowing down, adding to market uncertainty. On the fundamentals, the resumption of production by aluminium smelters in Sichuan, Guizhou and other places has led to a slight recovery on the supply side. Downstream consumption continued to pick up, driving domestic aluminium ingot social inventory to fall rapidly. The short-term aluminium prices may rally slightly, driven by improving fundamentals. However, macro uncertainty should be closely watched.