Macro atmosphere shifts, and aluminum prices may experience a correction as pressures on the demand side mount. On August 3rd, aluminum prices are expected to decline.
Changjiang Aluminum (alu.ccmn.cn) Commentary: The stock market and crude oil collectively declined as risk aversion dominated. Overnight, London aluminum fell by 1.91%. The overseas macro atmosphere shifted to bearish, while Yunnan’s electrolytic aluminum capacity continued to release, leading downstream buyers to adopt a cautious and price-pressured procurement approach. Today, aluminum prices are expected to decline. […]