SMM Aluminum Futures: Market Calm, Prices Expected to Fluctuate in Consolidation Pattern

SMM Aluminum Futures Brief: Current Market Sentiment Relatively Calm, Recent Aluminum Prices Expected to Fluctuate Mainly in a Consolidation Pattern

On the macro front, expectations for US Fed interest rate cuts have strengthened, and positive signals have been released domestically, leading to a slight rebound in the non-ferrous metals market. On the fundamentals side, high costs of aluminum have raised concerns about production cuts among high-cost enterprises. Although the off-season has suppressed the operating rate of downstream enterprises, the social inventory of aluminum ingots remains low. In the short term, the current market sentiment is relatively calm, and recent aluminum prices are expected to fluctuate mainly in a consolidation pattern. Close attention should still be paid to changes in aluminum costs and tax increase trends in overseas markets.