June 13 News: According to SMM statistics, on June 13, the inventory of aluminum ingots in Guangdong was 181,000 mt; in Wuxi, it was 108,000 mt; and in Gongyi, it was 45,500 mt. The total inventory across these three locations was 334,500 mt, a decrease of 4,500 mt from the previous trading day.

As voices from aluminium associations across US trade-allied nations grow louder, one consensus is becoming clear that the United States’ decision to increase tariffs on aluminium imports to 50 per cent is unlikely to benefit its global partners.

To avert a supply squeeze, the London Metal Exchange has ordered Mercuria Energy Group Ltd to loan out part of its outsized June aluminium position, which exceeds the metal available in LME warehouses.

[SMM Aluminum Morning Meeting Summary: Spot Cargo Shortage Drives Futures Market Higher, Aluminum Prices Expected to Hold Up Well] Overall, on the macro side, the Sino-US consultation meeting is expected to ease the trade war, while the rebound in China's manufacturing PMI and improvement in export indicators in May provide demand support, indicating that the resilience of the domestic economy remains. Fundamentals. Currently, low inventory and the expected increase in the proportion of liquid aluminum provide strong support for aluminum prices. However, the pressure of the off-season on the demand side limits the upside room. Spot aluminum ingots in major consumption areas may soon face a situation of weak supply and demand, with aluminum prices expected to hold up well in the short term.

[SMM Morning Comment on Cast Aluminum Alloy: Rising Costs Push Up ADC12 Spot Price, Limited Upside Room in the Short Term] On Thursday, the SMM A00 aluminum price increased by 250 yuan/mt from the previous trading day to 20,650 yuan/mt. Domestically, the SMM ADC12 price rose by 100 yuan/mt to the range of 19,900-20,100 yuan/mt. On the cost side, aluminum scrap prices closely followed the upward trend of aluminum prices during the week, leading to a continuous rise in the production costs of secondary aluminum enterprises and intensifying pressure on the cost side. However, the downstream consumer market remained sluggish, with insufficient purchasing enthusiasm.

Details of the hot topics in the aluminum market this week (June 9-12, 2025) are as follows......