US PPI Miss Spurs Rate Cut Hopes, Alumina Volatility Boosts Aluminum Market: SMM Aluminum Morning Meeting Summary

【SMM Aluminum Morning Meeting Summary: US PPI Data Falls Below Expectations, High-level Fluctuations in Alumina Boost Aluminum Market】August 14th SMM Aluminum Morning Meeting Summary

Summary: On the macro front, the US Producer Price Index (PPI) for July fell below expectations, leading to an intensification of expectations for interest rate cuts, which buoyed the metal markets. However, it is still necessary to pay attention to subsequent data such as Consumer Price Index (CPI). On the fundamental side, domestic electrolytic aluminum operating capacity has gradually stabilized, and supply has peaked. On the cost side, the alumina market...