Market observers note that while fundamental demand remains uneven and downstream restocking soft, bullish financial sentiment and liquidity support continue to keep aluminium prices elevated, with LME expected to trade in the USD 3,080–3,200/t range.

Summary :

The central bank conducted RMB 900 billion in outright reverse repo operations on January 15, with a tenor of 6 months (181 days), continuing to inject liquidity into the market. Overseas, following the release of the US non-farm payrolls report, expectations for a US Fed interest rate cut in January declined, and the market widely believed the Fed would not cut rates in January. On Wednesday, Trump announced a decision to temporarily not impose tariffs on rare earths, lithium, and other critical minerals, cooling bullish sentiment among funds for silver, copper, aluminium, and other commodities.

Article Link :

https://www.alcircle.com