SMM Aluminum Market Weekly Report 20250430

Published: May 6, 2025 09:30

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Details of the hot topics in the aluminum market this week (April 25-29, 2025) are as follows......

Hot topic this week: The divergence in the PMI of the aluminum processing industry intensified in April - sluggish growth in demand, and the supporting effect of the traditional peak season gradually faded away.
Forecast for next week: The shadow of the tariff war lingers, and SHFE aluminum may be in the doldrums after the holiday.
Aluminum: Stockpiling before the holiday accelerated destocking, and the risk of inventory buildup after the holiday still warrants caution.
Bauxite and Alumina: Bauxite inventory buildup at ports is significant. Production resumptions of alumina, coupled with new investments, have driven a rebound in operating capacity.
Aluminum Billet and Extrusion: Just-in-time stockpiling before the holiday accelerated inventory reduction. The improvement in building material orders supported industry operations.
Secondary Aluminum: The holiday disrupted both supply and demand, resulting in a weak market for secondary aluminum, which is expected to remain in the doldrums in the short term.
Aluminum Auxiliary Materials: The cost of prebaked anode has loosened, leading to a significant price correction. The supply and demand of aluminum fluoride are at a stalemate, facing downward pressure.

For more details, please refer to the China Aluminum Market Weekly Report (20250430).

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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