Aluminum Rod Production Declines by 4.72% MoM in December 2024 Due to Weak Demand

January 9, 2025—

According to the latest monthly survey data from SMM, the total production of aluminum rods nationwide in December 2024 was 365,100 mt, a decrease of 18,100 mt compared to November, down significantly by 4.72% MoM. After adjusting for the impact of the number of days in the month, the operating rate of aluminum rod plants recorded 58.29%, down 2.89% MoM. Entering November, downstream operations transitioned into the off-season, with poor consumption performance across regional markets. Domestic aluminum rod plants began to face pressure on operating rates, leading to downward adjustments in production. Although both supply and demand have weakened, the impact of poor demand is more pronounced, shifting the market structure toward a supply surplus. ......