According to the news on August 14, the US PPI continued to cool down in July, signaling that inflationary pressures are easing. The US index fell again, and the basic aluminum supply remained stable due to the recent increase. on the consumer side. After the rapid increase in aluminum prices this week, the fear of a price drop has weakened. In addition, the high temperature is about to pass and seasonal demand is expected to improve. Support for aluminum prices has gradually been consolidated. Overall, there is optimism that aluminum prices will stabilize and fluctuate.

Specifically:

The wholesale inflation index (PPI) 🇺🇸 increased by 0.1% in the month, lower than the estimated 0.2%.

The core PPI (excluding food and energy) was unchanged.

PPI increased by 2.2% over the past year, down sharply from 2.7% last month.

PPI is good, but tomorrow's CPI is important.