Shenhuo Group Puts Aluminum Capacity Swap Quota on Sale

[Macro rate hike expectations bring periodic pressure, while China's destocking provides solid bottom support] Overall, aluminum prices are expected to be under pressure and consolidate in the short term, with strong support below in the medium and long term, as the market repeatedly contests within a range.

[SMM cast aluminum alloy morning comment: Aluminum alloy futures under pressure, aluminum scrap remains stable-to-firm] Overnight, the most-traded aluminum alloy 2611 contract opened at 23,570 yuan/mt, hit a high of 23,570 yuan/mt and a low of 23,160 yuan/mt, and settled at 23,365 yuan/mt, down 355, or 1.5%.