Aluminum Foil Market Remains Stable, but Future Demand Direction Uncertain Amid Tariff Hikes and Off-Season Approach

Published: Sep 29, 2024 14:48

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According to SMM's research and statistics, the operating rate of leading aluminum foil enterprises this week is still 75.9%. There has been no significant change in the aluminum foil market this week, with production of packaging foil, air-conditioning foil and other products remaining compact and stable during the peak season. Leading aluminum foil enterprises rarely have holiday arrangements and mainly focus on normal production. As October begins, with tariff increases in some overseas markets starting to be implemented and the traditional off-season approaching in November, the direction of aluminum foil market demand remains to be seen, and there is a risk that the operating rate of aluminum foil enterprises may decline.

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.

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