NewsFlash / Aluminium / SMM Aluminum Futures: Domestic Policy Support Amid US Dollar Strength Drives Short-Term Price Fluctuations Upwards
SMM Aluminum Futures: Domestic Policy Support Amid US Dollar Strength Drives Short-Term Price Fluctuations Upwards
iconMar 24, 2025 15:47
Source:SMM
SMM Aluminum Futures Brief: Continued Destocking and Domestic Policy Support Bolster Short-Term Prices to Fluctuate Upward From a macro perspective, the US dollar index recorded its first weekly gain this month, rising 0.34% to close at 104.15, after a US Fed official stated last Friday that there was no rush to cut interest rates, putting pressure on SHFE aluminum during the night session. The favourable macro front domestically remains unchanged, with the country emphasizing increased policy efforts and stimulating positive market interactions for maximum policy effectiveness; the central bank's Q1 meeting suggested intensifying monetary policy regulation, with opportunities for RRR cuts and interest rate cuts. The finance minister sent positive signals, indicating that the central government would allocate substantial funds to boost consumption, including increasing pensions and providing childcare subsidies to enhance consumer spending power.

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