SMM Aluminum Futures Recap: Wait-and-See Stance as Demand Wanes Ahead of Chinese New Year

[SMM Aluminum Futures Brief Review: Continued Wait-and-See, SHFE Aluminum and Alumina Prices Fluctuate]

Demand side, with the Chinese New Year holiday approaching, aluminum processing plants have gradually started to shut down this week, leading to a noticeable weakening in demand. Social inventories may enter the inventory buildup cycle during the holiday. In the short term, attention should be focused on the pace of changes in domestic and overseas macro sentiment, the impact of the pullback in upstream spot alumina prices on aluminum cost side, as well as the downstream shutdowns and the continuity of pre-holiday restocking pace.