SMM Aluminum Market Weekly Report 20250619

Published: Jun 20, 2025 08:58

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Details of the hot topics in the aluminum market this week (June 16-19, 2025) are as follows......

Hot topic this week: Supply side of aluminum rod continues to fluctuate at highs, but demand weakens significantly, pushing processing fees to a record low
Forecast for next week: Low inventory supports aluminum prices to fluctuate at highs, with the impact of the domestic off-season demand becoming evident
Overall, the US Fed kept interest rates unchanged but indicated that tariff-induced price increases would become more pronounced in the coming months. Domestic aluminum ingot inventory continues to destock, providing support for aluminum prices. However, demand weakens due to the off-season impact, causing spot premiums/discounts to fall back from highs. Overall, low inventory and cost support keep aluminum prices fluctuating at highs, but weak demand limits upside room.
Electrolytic aluminum: Aluminum inventory contends with off-season demand, narrowing spot premiums/discounts for aluminum
Bauxite and alumina: Ore prices fluctuate, with loose supply pushing spot alumina prices down
Aluminum billet and extrusion: Inventory inflection point for aluminum billet emerges, processing fees continue to fall; orders for extrusion diverge but cannot conceal decline in operating rates
Secondary aluminum: Four-day winning streak in futures cannot conceal weakness in spot market; deepening off-season suppresses upside room for ADC12
Aluminum auxiliary materials: Cost support for prebaked anode keeps prices generally stable with slight rise; weak supply and demand for aluminum fluoride keep prices stable

For more details, please refer to the Weekly Report on China's Aluminum Market (20250619)

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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