3-25-2025 China Aluminum Price：CNY 20,670/ MT

The performance of aluminum ingot inventory is still optimistic, but the performance of aluminum bars is negative. The expectation that the inventory of aluminum ingots will drop to around 80w in March is maintained, but the decline still needs to pay attention to the outflow of hidden inventory of aluminum bars. In the spot market, aluminum prices fell sharply, the performance of inventory is still good, the holders hold the price, the downstream demand for bargain hunting is still supportive, and the processing fee of aluminum bars has risen. Rebound to a higher level.