Aluminum prices have risen this week. According to the Commodity Market Analysis System of Shengyi Society, as of June 13, 2025, the average price of aluminum ingots in the East China market in China was 20740 yuan/ton, an increase of 2.15% from the market average price of 20303.33 yuan/ton on June 1.
Fundamental Overview
Currently in the off-season of demand, downstream operating rates are low, and the supply and demand of aluminum ingots are relatively weak.
On the supply side, the operational capacity of electrolytic aluminum has slightly increased, resulting in a slight increase in output. As of June 12th, the weekly production of mainstream domestic manufacturers remained around 843000 tons.
On the demand side, during the off-season of traditional consumption, the demand for building profiles, home appliances, and other products is relatively weak. Although new energy vehicles can drive some of the demand, the photovoltaic market has experienced a decline in production and overall demand growth is weak.
On the cost side, the price of alumina has fallen, and the cost center of electrolytic aluminum has shifted downwards, weakening the support for aluminum prices.
Social inventory: Currently, the social inventory of aluminum ingots is relatively low and in a state of destocking. As of June 12th, the inventory of electrolytic aluminum ingots in mainstream consumption areas in China was 463000 tons, a decrease of 18000 tons from the beginning of this week; A decrease of 45000 tons compared to June 5th.
Recent upward momentum
During the export window period after tariff adjustment in June, the rush to export will provide some support for aluminum prices.
Future expectations
At present, the market trading logic tends to be macro oriented, and may later shift to fundamentals. With the expectation of a subsequent consumption off-season, the upward space for aluminum prices will narrow.
| http://www.thiourea.net |