3-17-2025 China Aluminum Price：CNY 20,820/ MT

The U.S. inflation data for February was lower than expected across the board, alleviating some of the market's concerns and the market's expectations for the Fed's June rate cut have increased. The central bank held a meeting and pointed out that it will implement a moderately loose monetary policy and cut the reserve requirement ratio and interest rates when the opportunity arises. On the fundamentals, the domestic electrolytic aluminum production resumption on the supply side continues to advance; with the weak spot prices of raw materials such as alumina and petroleum coke, the cost support of electrolytic aluminum continues to weaken. During the week, the social inventory of aluminum ingots continued to be reduced, and the start-up of aluminum processing enterprises continued to pick up, and the support on the consumer side was strengthened.