SMM Aluminium Morning Comments: Macro Fundamentals Favorable, Short-term Aluminium Prices Expected to Remain Strong. On the macro level, the expectation of a rate cut by the Federal Reserve has strengthened, and the People's Bank of China continues to release liquidity, providing support for aluminium prices. While the basic fundamentals are affected by the combination of weak consumption season and environmental production restrictions, they are unable to counter the strong impact of upstream raw material events. Short-term aluminium prices are expected to remain strong and volatile.
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