[SMM Aluminum Futures Review: Support for Aluminum Prices Remains, Intraday Decline Narrowed] The expected delay in Fed interest rate cuts led to a short-term pullback in aluminum prices, but cuts by the European Central Bank and others provided support for commodities. On the fundamentals, supply and demand relations in the domestic aluminum market have gradually weakened, with both aluminum ingot and rod social inventories increasing. Short-term aluminum prices are under pressure on both sides, and are expected to remain high and volatile.
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