Inflation Expectations and Recession Fears to Weigh on Aluminium Prices

SHANGHAI, Apr 6 (SMM) - The market is now worried about overseas economic recession. The tug-of-war between longs and shorts will escalate amid inflation expectations and recession fears. If the US Fed continues to raise interest rates, this will pose threat to aluminium prices in the long run. However, if interest rate hike slows down, high inflation will persist, which will accelerate economic recession. In the short term, aluminium prices will come under downward pressure amid overwhelming bearish factors.