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Woofun AI data shows that aluminum prices have fallen to their lowest level since mid-February, recording a cumulative 16% decline in June. This represents the largest monthly drop for the metal since 2008, continuing a downward trend amidst broader pressure on industrial metals.
The US dollar index has risen for two consecutive days, marking a 2.5% increase over the past two months. This appreciation has increased the cost of dollar-denominated commodities for most buyers, contributing to the sustained weakness in aluminum pricing.