SMM Aluminum Market Update: Inflation Boosts Rate Cut Hopes, Positive Macro Sentiment Pushes Prices Higher

Published: Oct 14, 2024 09:03

Save

[SMM Aluminum Morning Meeting Summary: Rebound in Inflation Data Supports Fed's Interest Rate Cut Expectations, Macro Sentiment Turns Positive, Driving Up Aluminum Prices] Summary: On the macro front, the rebound in inflation data in September bolstered expectations for the Fed to cut interest rates next month. The Ministry of Finance made a significant announcement, stating that the central government still has ample room for debt issuance and will introduce a package of incremental policy measures. Fundamentally, the expected production cuts in Yunnan Province in the fourth quarter have decreased, coupled with the release of some newly added and resumed production capacity, leading to continued growth in the domestic electrolytic aluminum market supply. .......

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 mins ago

September tender price hikes implemented; aluminum fluoride continues its strong trend [SMM Fluoride Salt Weekly Review]

17 mins ago

20 mins ago

Strong cost support drives prebaked anode prices higher [SMM prebaked anode weekly review]

20 mins ago

36 mins ago

ADC12 Prices Rise for Consecutive Weeks, Profit Improvement and Marginal Demand Recovery [Aluminum Scrap and Secondary Aluminum Weekly Review]

[Aluminum Scrap and Secondary Aluminum Weekly Review: ADC12 Prices Rise for Consecutive Days, Profit Improvement and Marginal Demand Recovery] This week, ADC12 market prices continued to climb. As of Thursday, the price had risen by a cumulative 350 yuan/mt during the week to 24,300 yuan/mt. On the cost side, aluminum prices held up well this week, further strengthening cost support for ADC12 raw materials. Enterprises showed a stronger willingness to increase prices, driving spot quotes higher. As the price of finished alloy ingots rose...

36 mins ago