Latest Update in the SMM Aluminum Market

[SMM Analysis: November Aluminum Foil Exports Surge as Expected] However, starting from December, the official cancellation of export tax rebates has led to a decline in rush exports, and future aluminum foil export volumes are expected to pull back to lower levels...

[SMM Analysis: Turning Point for Aluminum Plate/Sheet and Strip Exports May Have Arrived] With the cancellation of export tax rebates for aluminum semis, several aluminum plate/sheet and strip enterprises have reported having to abandon some overseas orders due to the loss of price competitiveness. In the future, the partial loss of overseas orders, combined with the overdraft of original shipments caused by the rush to export in November, is expected to lead to a turning point in aluminum plate/sheet and strip export volumes, entering a trough...

[SMM Weekly Survey on Aluminum Downstream: Dual Impact of Off-Season and Environmental Protection-Related Controls Intensifies Decline in Aluminum Downstream Operating Rate] This week, the operating rate of leading domestic aluminum downstream processing enterprises saw a sharper decline, dropping by 0.8 percentage points WoW to 62.4%.

In Q4 2024, alumina experienced a rare surge in spot prices. As of December 13, the SMM Alumina Index stood at 5,769 yuan/mt, up 40.4% from 1,661 yuan/mt on October 8, 2024. The reasons are as follows: 

Recently, shipments from Xinjiang have been affected by coal supply guarantees, reducing in-transit volumes.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 20, 2024

[Daily Review of Aluminum Scrap: Aluminum Prices Rebound After Five Consecutive Declines, Price Difference Between Primary Metal and Scrap Slightly Widens]

[ADC12 Price Daily Review] After five consecutive declines in aluminum prices, aluminum prices bottomed out today. SMM A00 aluminum prices increased by 150 yuan/mt from yesterday to 19,830 yuan/mt, while secondary aluminum prices were adjusted upward steadily.