Summary of SMM Aluminum Morning Meeting: Supply Side Pressure Emerges, Aluminum Price Uptrend Weakens. The macro sentiment was calm over the weekend, mainly optimistic. In the near future, we need to pay close attention to the multiple impacts of rate hike expectations and exchange rate fluctuations on the non-ferrous metal market. On the fundamentals, electrolytic aluminum supply has increased across the board, and the fundamental problem of poor inventory clearance of aluminum products has not yet been truly improved. In the short term, domestic aluminum ingot social inventory has risen above 500,000 tons.
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