Minmetals Futures: Short-term aluminum prices are expected to remain relatively strong

Trump claims withdrawal from Iran within 2-3 weeks, but uncertainty remains. From an industry perspective, overseas aluminum plant maintenance and production cuts will still lead to substantial reductions, and the attacks on aluminum plants in the UAE and Bahrain have significantly increased supply concerns. Overseas aluminum supply is expected to remain tight; domestically, downstream operating rates continue to rise, and aluminum rod processing fees have returned to relatively normal levels, helping to digest inventories. In the short term, aluminum prices are expected to stay relatively strong. (Minmetals Futures)