Fed Rate Cut Triggers Volatility in SHFE Aluminum, Spot Market Remains Cautious with Average Trading

【SMM Aluminum Spot Afternoon Commentary: Fed Cuts Interest Rates, SHFE Aluminum Falls Then Rises, Spot Trading Remains Average】

SMM, September 19: Following the Federal Reserve's interest rate cut, the main contract of SHFE aluminum saw long positions exit in the morning session, with the market initially declining before rebounding. The spot market exhibited strong wait-and-see sentiment, and trading activity remained average. In the Wuxi market, holders of goods were eager to sell, while downstream buyers showed moderate interest, resulting in sluggish market transactions. After the monthly rollover, the SMMA00 contract was quoted at a discount of 50 yuan/ton against the 10th contract today, with SMMA00 recorded at 19,830 yuan/ton, an increase of 40 yuan/ton from the previous trading day. ....