[SMM Aluminum Flash News] German Aluminium Industry Remains Under Pressure, Over Half of Companies Pessimistic on 2026

[Destocking Accelerates to Provide Support, Export Concerns Limit Rebound Room] The US Fed's hawkish pivot boosted the US dollar index, weighing on nonferrous metal prices. The Middle East geopolitical situation has been somewhat volatile but shows no signs of deterioration. Under macro headwinds, aluminum prices in and outside China fell. In the short term, bearish factors dominate, and aluminum prices are expected to remain in the doldrums.

Primary Aluminum Imports： Customs data shows domestic primary aluminum imports stood at approximately 208,000 metric tons in May 2026, down 21.6% month-on-month and 6.7% year-on-year. Cumulative domestic primary aluminum imports from January to May 2026 reached around 1.119 million metric tons, rising 5.8% year-on-year. Primary Aluminum Exports： Per customs statistics, domestic primary aluminum exports totaled roughly 22,000 metric tons in May 2026, up 42.4% month-on-month yet falling 31.7% year-on-year. Total cumulative primary aluminum exports between January and May 2026 hit about 76,000 metric tons, with a year-on-year growth of roughly 13.1%.

Alumina Transaction: On June 25, 2026, 30,000 mt of alumina was traded at a transaction price of $330/mt FOB Western Australia, for August loading; the previous transaction was on May 20 (at a transaction price of $313.8/mt FOB Western Australia, for June loading), up $16.2/mt.