SHANGHAI, Mar 24 (SMM) – On the macro level, U.S. Treasury Secretary Yellen changed her words, saying that "some additional policy tightening may be appropriate." The market interpreted this as the Fed hinting it may end raising interest rates soon, thus metals prices generally rose overnight.
On the fundamentals, the resumption of production by aluminum smelters in Sichuan, Guizhou and other places has led to a slight recovery on the supply side. Downstream consumption continued to pick up, driving domestic aluminum ingot social inventory to fall rapidly.
The short-term aluminum prices may rally slightly, driven by improving fundamentals and macro sentiment.
![Aceleração da redução de estoques de lingotes de alumínio eleva o centro de preços do alumínio, enquanto o desempenho da alta temporada deve limitar o espaço de alta [Revisão Semanal de Preços do Alumínio da SMM]](https://imgqn.smm.cn/usercenter/XLWyP20251217171654.jpg)
![Preços à vista estáveis em todos os mercados, preços de transação fora da China recuam, excedente de oferta e demanda inalterado [Revisão Semanal de Alumina da SMM]](https://imgqn.smm.cn/usercenter/YYogD20251217171650.jpg)
