SHANGHAI, Jun. 21 (SMM) – Aluminum prices have made a strong comeback over the past two days, but this is no time to cheer up since negative factors are simmering, SMM warns.
Aluminum stocks did not fall sharply during this year’s traditional peak-demand season because of growing supply.
As of June 19, aluminum ingot stocks in domestic five major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) totaled 1.19 million tonnes, down 11,000 tonnes from June 15, according to SMM statistics. The figure, though down, is still high, and the decline is small.
Chalco Continues Raising Aluminum Prices on June 21 After Dramatic Hike Yesterday
The demand side will not offer support to prices, either.
First Ship Goes to Lubei Group After Indonesia Lifts Bauxite Export Ban
SMM learned orders at downstream producers have fallen in June with onset of the off-season.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![Expectativas de subidas de tipos a nivel macro generan presión periódica, mientras que la reducción de inventarios en China proporciona un sólido soporte de fondo [Resumen de la reunión matutina sobre aluminio de SMM]](https://imgqn.smm.cn/usercenter/YPMhF20251217171654.jpg)
![[Futuros de aluminio bajo presión, chatarra de aluminio se mantiene estable y firme - Comentario matutino de SMM sobre aleación de aluminio fundido]](https://imgqn.smm.cn/usercenter/ceevU20251217171653.jpg)
![La fortaleza de las materias primas respalda el aumento de los costos mientras se acumula la presión de la oferta [Revisión semanal de ánodos prehorneados de SMM]](https://imgqn.smm.cn/usercenter/fjmVq20251217171654.jpg)
