Aluminum Prices Rise Amid Unexpected Destocking and Production Cutbacks

Published: Jan 16, 2025 16:24

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SMM, January 16:

This week, the macro cycle rebounded, aluminum inventory experienced unexpected destocking, and aluminum prices showed a steady rise. However, aluminum billet processing fees faced multiple pressures, and market trading sentiment hit a freezing point. Currently, aluminum billet manufacturers have gradually shut down furnaces and reduced production, focusing on equipment maintenance before the Chinese New Year. However, considering the consumption of liquid aluminum, upstream aluminum smelters may exert pressure on aluminum billet manufacturers. Even during the Chinese New Year, aluminum billet manufacturers plan to maintain the operation of a small portion of their capacity.

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