铝价跌至近四周低点 市场降息预期降温拖累工业金属

Core Viewpoint - The industrial metals market is under pressure, with aluminum prices falling to a near four-week low and copper prices also declining, primarily due to diminishing expectations for Federal Reserve interest rate cuts and delays in key U.S. economic data releases caused by government shutdowns [1][3]. Group 1: Market Trends - The overall industrial metals market is exhibiting risk-averse sentiment ahead of the release of several important economic indicators [3]. - The U.S. non-farm payroll report for September, set to be released on Thursday, is highly anticipated and is expected to significantly influence the Federal Reserve's future monetary policy direction [3]. - Recent comments from multiple Federal Reserve officials indicate that further interest rate cuts are not advisable at this time, which is putting pressure on the demand outlook for commodities [3]. Group 2: Price Movements - Aluminum prices surged to a three-year high in early November, driven by strong demand from China and ongoing supply constraints globally [3]. - However, concerns regarding the U.S. economic outlook and monetary policy have led to a pullback in aluminum prices, along with other metal categories [3]. - Market observers suggest that the industrial metals market may continue to experience volatility until key economic data and clearer signals from the Federal Reserve are available [3].