SMM Aluminum Morning Meeting: Trump Pushes for Rate Cut, Macro Factors Boost Aluminum Prices Slightly

[SMM Aluminum Morning Meeting Summary: Trump Urges US Fed to Cut Interest Rates Immediately, Aluminum Prices Rebound Slightly Due to Macro Impact]

Macro side, on Thursday, Trump called for an interest rate cut, coupled with US weekly jobless claims slightly exceeding expectations, leading to a sideways movement in the US dollar index. Domestically, six departments issued a plan to bring long-term funds into the market, showing signs of a warming macro atmosphere.

Fundamentals side, supply-side disruptions decreased, and with sufficient supply, the aluminum industry's cost side eased significantly. The immediate full average cost of domestic aluminum has already dropped to 18,426 yuan/mt, further weakening support for aluminum costs...