Summary of SMM Aluminum Morning Meeting: Domestic Macro-positive Boosts Shanghai Aluminum to Continue Strong Shock. On the macro level, various favorable policies were introduced over the weekend to boost bulk commodities. On the fundamentals, the domestic electrolytic aluminum supply and demand maintained a double-growth situation, the industry aluminum water ratio remained high, the aluminum ingot output maintained a low level, the import window opened, the inflow of overseas aluminum ingots increased and the release of aluminum in the southwest or drove the industry inventory to show a state of unblocked outflow, but the overall cumulative warehouse range was limited. Overall, ...
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