SHANGHAI, Aug. 12 (SMM) – Aluminum prices in China will remain under downward pressure from persistent supply glut in the medium-to-long term, Shanghai Metals Market foresees.
Supply&demand imbalance will worsen due to record high aluminum production and slowing downstream consumption from economic downturn, SMM understands.
Aluminum stocks on the SHFE have been increasing since March, hitting 321,177 tonnes as of August 7, a reflection of poor consumption.
The most active aluminum contract on the SHFE hit a six-year low on August 11, down 11.4% from high level seen on May 6.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![[Mingyi Electronics Lança Equipamento de Eletrodeposição em Linha Pórtico de Alta Relação de Aspecto para Servidores de IA e Substratos de CI]](https://imgqn.smm.cn/usercenter/CaDcj20251217171711.jpg)
![Inflação dos EUA supera expectativas, combinada com acúmulo de estoques na China, preços do cobre se recuperam sob pressão [Revisão Semanal Macro SMM]](https://imgqn.smm.cn/usercenter/JnFuh20251217171711.jpg)

