Group 1 - The domestic non-ferrous metal market showed a positive trend on September 11, with the main contract for aluminum futures rising by 0.63% to 20,915.00 CNY/ton [1] - The macroeconomic environment indicates a significant cooling in the U.S. job market, with a downward revision of approximately 910,000 jobs for August non-farm data, leading to expectations of an interest rate cut by the Federal Reserve [1] - The Producer Price Index (PPI) for August increased by 2.6% year-on-year, lower than the expected 3.3%, and decreased by 0.1% month-on-month, which is significantly below the anticipated 0.3% [1] Group 2 - Electrolytic aluminum smelting enterprises are expected to continue increasing production due to high profit margins, with 100% of domestic electrolytic aluminum production capacity being profitable in August [1] - The consumption of aluminum is expected to improve marginally as the traditional demand season begins, although rising aluminum prices may suppress downstream procurement [1] - As of September 8, aluminum ingot social inventory was 631,000 tons, an increase of 5,000 tons from September 4, while aluminum rod inventory decreased by 5,500 tons [1] Group 3 - New Lake Futures predicts that supply will continue to increase slightly, with consumption expected to improve marginally, supporting a strong aluminum price outlook [2]
宏观面偏利多的支撑下 铝价或偏强运行
Jin Tou Wang·2025-09-11 08:05