[SMM SHFE Aluminum Brief Review: "Tariff Stick" Sparks Concerns, SHFE Aluminum Prices Rebound from Bottom]
Macro side, as US President Trump’s reckless wielding of the "tariff stick" stoked inflation fears, Richmond Fed President Thomas Barkin "turned hawkish" on Tuesday (25th, US Eastern Time), stating that the US Fed might have to raise interest rates to counter economic trends that could drive inflation higher.
Fundamentals side, cost side support continued to weaken; supply side remained stable with slight increases, showing relatively small overall changes; demand side, influenced by the rise in aluminum prices, end-user enterprises adopted a wait-and-see approach, while downstream aluminum semis enterprises saw no significant improvement in shipments. Factory raw material inventory turnover days struggled to rebound, with procurement mainly based on rigid demand and consumption of finished product inventories.
