[SMM SHFE Aluminum Brief Review: US-China Trade Draws Attention, SHFE Aluminum Plunged Sharply Today]
Macro side, the potential new trade agreement between the US and China has drawn continuous market attention. Fundamentals side, cost side support continued to weaken; supply side saw slight and stable growth with relatively small overall changes; demand side, influenced by the surge in aluminum prices, end-user enterprises adopted a wait-and-see approach, while shipments from downstream aluminum semis enterprises showed no improvement. Factory raw material inventory turnover days struggled to rebound, with restocking mainly based on rigid demand and consumption of finished product inventories.
