长江有色：6日铝价大跌 交投状况一般

Group 1 - LME aluminum prices faced resistance, with three-month contracts reported at $3019.5 per ton, down $6.5 or 0.23% from the previous trading day [1] - Domestic futures for aluminum showed a decline, with the main contract for March 2603 closing at 23,315 yuan per ton, down 310 yuan or 1.31% [1] - The overall trading volume for the main March 2603 contract decreased by 90,289 contracts, with open interest also declining by 7,889 contracts [1] Group 2 - The macroeconomic environment is influenced by Kevin Warsh's nomination, which temporarily alleviated concerns regarding the independence of the Federal Reserve, helping to stabilize market expectations [1] - The geopolitical situation has escalated, with the U.S. advising citizens to evacuate Iran, leading to increased safe-haven buying and impacting aluminum prices [2] - Domestic electrolytic aluminum production capacity is expected to see slight growth, but demand is weakening due to seasonal consumption slowdowns and early holiday breaks [3] Group 3 - Aluminum inventories in China increased by 24,000 tons to 853,000 tons, which is exerting downward pressure on aluminum prices [3] - The current market sentiment is characterized by fear, driven by a strong dollar rebound and geopolitical risks not easing as expected, leading to significant sell-offs in risk assets [3] - Despite short-term pressures, the medium to long-term outlook for aluminum remains positive, supported by demand from downstream sectors during low-price periods [3]