SMM

[SMM SHFE Aluminum Brief Review: US-China Trade Draws Attention, SHFE Aluminum Plunged Sharply Today] Macro side, the potential new trade agreement between the US and China has drawn continuous market attention. Fundamentals side, cost side support continued to weaken; supply side saw slight and stable growth with relatively small overall changes; demand side, influenced by the surge in aluminum prices, end-user enterprises adopted a wait-and-see approach, downstream aluminum semis enterprises struggled to improve shipments, factory raw material inventory turnover days rebounded with difficulty, focusing mainly on just-in-need restocking and consuming finished product inventories.