SMM Aluminum Morning Meeting Minutes: Continued Destocking of Fundamentals Supports Strong Volatility of Near-Month Contracts

On the macro level, the Federal Reserve decided to keep the benchmark interest rate unchanged at 5.25%-5.50% at its December meeting, in line with market expectations. The dovish stance of the Federal Reserve boosted market confidence, and overall domestic social financing data performed well. The financial support for the real economy has not waned, and credit structure has improved. The improved macro atmosphere at home and abroad has boosted market confidence. In terms of fundamentals, ...