SMM Aluminum Market Weekly Report 20250612

• Hot Topic of the Week: Rush to Export Amid Tariff Adjustment Period Expected to Continue; China's Aluminum Semis Exports Increased by 5.6% MoM in May, Highlighting Resilience
• Forecast for Next Week: Macro Interest Rate Cut Expectations Combined with Ultra-Low Inventory; Hidden Risks amid Aluminum Price Holding Up Well
• It is expected that aluminum prices will maintain a strong and volatile trend in the short term. Next week, SHFE aluminum is expected to trade within the range of 20,200-20,700 yuan/mt. If it holds steady above 20,500 yuan/mt technically, it is expected to test the resistance level of 21,000 yuan/mt. LME aluminum is expected to trade within the range of $2,470-2,570/mt. After breaking through the key resistance level of $2,450/mt, LME aluminum is expected to hold up well.
• Primary Aluminum: Destocking Progresses Smoothly, Approaching Year-to-Date Lows, Supporting Spot Premiums/Discounts to Remain in the Doldrums
• Bauxite and Alumina: Imported Bauxite Prices Drop Back Slightly; Bauxite Prices Expected to Fluctuate
• Aluminum Billet and Extrusion: Weak Demand for Aluminum Billets Leads to a Sharp Decline in Processing Fees; Weakening End-Use Consumption Results in Sluggish Operating Rates for Extrusion
• Secondary Aluminum: Cast Aluminum Alloy Futures Strengthen in the First Week of Listing; Spot Prices Encounter Resistance amid Off-Season Demand Suppression
• Aluminum Auxiliary Materials: Cost Side of Prebaked Anode Continues to Ease, Prices Remain Stable; Weak Supply and Demand for Aluminum Fluoride Pressure High Costs

For more details, please refer to the China Aluminum Market Weekly Report (June 12, 2025)