In the United States, due to the potential impact of impending import tariffs on the transportation, construction, and packaging industries, the physical aluminum market premium has reached an all-time high. Recent data shows that U.S. aluminum ingot prices have increased by 1.9%. Industry analysts expect the premium to continue to rise, with producers likely transferring the increased tariff costs to consumers as much as possible.

Meanwhile, despite Century Aluminum's plans to build a new smelter, the project has been hindered by a lack of a clear timeline and affordable power supply. Therefore, domestic scrap production may still become a long-term solution. However, in the short term, tariffs will continue to dictate aluminum ingot prices for U.S. buyers.

In China, the aluminum ingot market is showing strong performance, with local warehouses reporting a significant increase in ingot shipments, particularly following last week's substantial price rise. The acceleration of downstream goods indicates an increase in order volume, with further growth expected in March, which will help reduce inventory and improve the supply-demand landscape. As the "Golden March, Silver April" peak season approaches, aluminum ingot inventories are steadily declining due to increased downstream operating rates, with a net outflow of 1.275 million tons in major consumption areas last week, a slight decrease of 800 tons week-on-week.

As of March 14, aluminum ingot prices in China have risen by 19%. Although prices are higher than in previous years, recent signs of slowing inventory growth indicate that a turning point may be approaching in the coming weeks.

Overall, SHANXI SUPERIOR METAL will closely monitor domestic and international aluminum market dynamics, seizing opportunities and adjusting strategies to adapt to the ever-changing market environment.