SMM Weekly Liquid Aluminum Proportion Rises 0.16 Points WoW

[SMM Weekly Aluminum Price Review: Expectations for US Fed Rate Hikes Remain Contested, China Accelerates Destocking, Signaling Short-Term Stabilization]

\LME aluminium prices have retreated steadily from their late-May peak, falling from nearly $3,680 per metric ton to around $3,480 per metric ton. More notably, the LME aluminium Cash-3M spread narrowed sharply over just one week, dropping from a cash premium of $104.56 per metric ton on June 1 to $15.17 per metric ton on June 9, a loss of nearly $90 per metric ton. This marks the steepest contraction in the backwardation structure since the outbreak of the Middle East conflict.

[A Large Alumina Refinery in Shandong Adjusts Liquid Caustic Soda Purchase Price] According to SMM, starting from June 12, a large alumina refinery in Shandong adjusted the purchase price of 32% ion membrane liquid alkali, increasing it by 15 yuan/liquid mt from the previous 575 yuan/liquid mt. The EX-Work price is set at 590 yuan/liquid mt，equivalent to approximately 1,844 yuan/mt(price adjusted on a 100% concentration basis).