SMM

February 22, 2025— On Friday, SMM A00 spot aluminum prices were reported at 20,820 yuan/mt, up 220 yuan/mt WoW. This week, macro sentiment remained positive. The uncertainty surrounding overseas tariffs, combined with the spread of risk-averse sentiment among investors, pushed LME aluminum higher. Domestically, to boost consumption, the government continued to implement accommodative policies, fostering a bullish market sentiment. This week, the domestic aluminum rod market showed weakness. Post-holiday, manufacturers resumed normal operations, with supply steadily increasing. However, constrained by delivery cycles, demand remained sluggish, driven mainly by rigid demand, leaving processing fees with little room for improvement...