Rise up! Rise up! Rise up! Aluminum prices are rising again! Latest Consultation

Futures and spot prices
Main contract of Shanghai Aluminum: On January 17, 2025, the main contract of Shanghai Aluminum 2503 opened high and rose high. As of 10:15, the closing price was 20460 yuan per ton, an increase of 155 yuan, or 0.76%. On January 16th, the main contract of Shanghai Aluminum closed at 20265 yuan/ton, an increase of 1.02%.
Changjiang spot: Changjiang spot A00 aluminum ingots will be quoted at 20340 yuan per ton on January 17, 2025, an increase of 140 yuan.
SMM spot: The average price of ASM spot A00 aluminum on January 16th was 20260 yuan/ton, and the average price of A00 aluminum ingots at the premium level was -90.
Scrap aluminum price: On January 17, 2025, Tianjin’s raw aluminum (including iron<3%) was 15850-16050 yuan/ton, an increase of 50 yuan from the previous trading day; Taizhou’s raw aluminum (containing less than 3% iron) costs 16650-16850 yuan/ton, an increase of 50 yuan from the previous trading day, and the prices of scrap aluminum in various regions have increased to varying degrees.
LME Aluminum: The London Metal Exchange LME Aluminum Real Time CFD is $2568.00, up $29.00 or 1.14% from the previous trading day.
Market dynamics
In terms of inventory, on January 16, 2025, there will be a destocking of 6000 to 436000 tons of aluminum ingots and a cumulative inventory of 10000 to 168500 tons of aluminum rods. LME aluminum inventory is 611875 tons, a decrease of 2500 tons.
In terms of imports and exports: According to data from the General Administration of Customs, China’s exports of unprocessed and rolled aluminum and aluminum materials in December were 506000 tons, compared to 669000 tons in November. The rush to export in November led to a decline in December’s export data.
In terms of macro impact: Federal Reserve Governor Waller stated that if inflation data continues to perform well, the Fed will lower interest rates again in the first half of the year, and even the possibility of another rate cut in March cannot be ruled out. This expectation has boosted market sentiment and provided macro level support for the upward trend of aluminum prices.
Related information websites such as Yingwei Caiqing Investing.com, Sina Finance, Changjiang Nonferrous Metals Network, Lipai Price Service, and Inquiry Worry Free Network will update aluminum prices and related market trends in real time.

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