PV Aluminum Extrusion Remained Stable This Week, H1 Orders May Provide Support [SMM Analysis]

Published: Mar 7, 2025 12:38

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[SMM Analysis: PV Profiles Remained Stable This Week, H1 Orders May Provide Support]

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SMM, March 7

PV Aluminum Extrusion:This week, PV extrusion plants maintained stable and orderly production overall. SMM learned that module manufacturers are expected to maintain high procurement volumes from March to May, providing strong support for related suppliers' order volumes and operating rates. In addition, during the Two Sessions, power market reforms and the construction of new-type power systems became focal points. After the release of a series of policy documents, they may provide significant guidance for the PV industry chain. SMM will continue to monitor developments.

Raw Material Prices:During the period (2025.3.3-2025.3.7), the average spot price center of aluminum shifted upward. The SMM A00 weekly average price was 20,684 yuan/mt, up 0.74% from the previous week's average. Overall, the macro side showed a mix of bullish and bearish factors. Domestically, the favorable macro front remained unchanged, while overseas trade barriers increased, though with significant uncertainty, leaving the market in a state of contention. Fundamentals side, both supply and demand showed growth trends. As the consumption peak season approaches, most sectors saw rebounds in order volumes and operating rates. Combined with the initial signs of destocking in aluminum ingot social inventory, strong support for aluminum prices was evident. Next week, the most-traded SHFE aluminum contract is expected to operate around 20,500-21,200 yuan/mt, while LME aluminum is expected to operate around 2,650-2,730 US dollars/mt.

》Click to View the SMM Aluminum Industry Chain Database

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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