SMM Aluminum Futures Review: SHFE Surges Amid Supply Pressures and Demand Recovery

Published: Feb 7, 2025 15:12

Save

[SMM Aluminum Futures Brief Review: SHFE Aluminum Surges, Alumina Prices Fluctuate Downward]

Fundamentals side, several aluminum smelters in Sichuan have gradually resumed production recently, leading to renewed pressure on the aluminum supply side. The average spot price of alumina in February is expected to decline significantly, further weakening cost side support. Demand side, it is still the off-season, but with the end of the Chinese New Year holiday, aluminum processing enterprises are gradually resuming operations, and downstream weekly operating rates have rebounded significantly, indicating an improvement in consumption. In the short term, aluminum prices are expected to fluctuate and adjust. Key focus in the coming days will be on U.S. economic data, post-holiday inventory performance, and the pace of downstream resumption.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

51 mins ago

Volvo Torslanda Plant Supplies Integrated Die-Cast Rear Floor for EX60

[SMM News Flash] According to reports, Volvo Cars officially launched mass production of the EX60 at its Torslanda plant in Sweden. To ensure efficient, high-grade production of the EX60, the Torslanda plant has invested a cumulative total of approximately 10 billion Swedish kronor, primarily for introducing large-scale die-casting technology, constructing standardized battery assembly workshops, and fully renovating painting and final assembly production lines. As one of Volvo's key global production sites, the Torslanda plant is the brand's first production site to apply integrated die-casting technology at scale, with a planned annual capacity of 280,000 units. It is equipped with an 8400T ultra-large die-casting unit specifically used to produce the auto body rear floor of the EX60.

51 mins ago

52 mins ago

Zhejiang Haoyi Supplies Integrated Die-Cast Rear Floor for LUXEED

[SMM News Flash] According to reports, Zhejiang Haoyi Automotive Lightweight Technology Co., Ltd. has successfully completed key mass production verification of the 9000T ultra-large die-casting island integrated die-cast rear floor, custom-developed for the LUXEED brand jointly created by Huawei and Chery, fully supporting the LUXEED die-casting factory in entering the scaled mass production phase. With industry-leading integrated die-casting technology, it injects strong momentum into accelerating the launch of LUXEED high-end new energy MPVs.

52 mins ago

Dongyan Co., Ltd. Plans to Establish Die-Casting Business Subsidiary in Indonesia

[SMM News Flash] According to reports, Shanghai Dongyan Machinery Co., Ltd. plans to establish a new company on Batam Island, Indonesia, with an initial investment of $500,000. The new company will primarily engage in zinc and aluminum alloy casting business. The company stated that this investment is conducive to its future market layout, enhancing future investment returns and improving the company's sustainable development capabilities, and has a positive impact on protecting investor interests.

52 mins ago