5/9/2025 China Aluminum Price：CNY 19,600 /Mt

On May 9, SMM A00 aluminum price remained unchanged at CNY 19,600/mt. The expected US tariff policy still has a great impact on the fluctuation of aluminum prices. Although the Sino-US trade negotiations will advance, the market does not have strong expectations for easing. In addition, the Federal Reserve's interest rate meeting remained unchanged and the domestic manufacturing industry's prosperity weakened. It is expected that aluminum prices will still be relatively under pressure, and inventory reduction will increase the resilience of aluminum prices in the short term.