SMM Aluminum Morning Meeting: Dollar Index Rises, Aluminum Prices Fall Despite Inventory Decline
게시됨: Nov 12, 2024 08:48
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【SMM Aluminum Morning Meeting Minutes: US Dollar Index Hits Four-Month High, Overnight Aluminum Prices Continue to Decline】On the macro front, tensions in the Middle East have eased, risk aversion in the market has subsided, and the US Dollar Index has hit a four-month high, putting pressure on non-ferrous metals which have subsequently retreated. Domestically, the initial fiscal stimulus package is relatively smaller than expected, mainly consisting of an incremental RMB 6 trillion debt financing, which may be conducive to improving corporate balance sheets and enhancing residents' employment and income expectations. Fundamentals-wise, domestic aluminum ingot inventories remained below 600,000 tonnes this week. Recently, transportation conditions in the northwest have improved, causing the continuous decline in aluminum ingot inventories to be interrupted, and a preliminary inventory inflection point has formed......
데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.