News Summary Core Viewpoint - The aluminum market is experiencing fluctuations due to potential tariff reductions on imports from Canada, leading to a significant drop in U.S. spot aluminum premiums by over 7% [1]. Group 1: Market Data - According to the World Bureau of Metal Statistics (WBMS), global primary aluminum production is projected to reach 6.0912 million tons and consumption at 5.8649 million tons by April 2025, resulting in a surplus of 226,300 tons [1]. - From January to April 2025, global primary aluminum production totaled 24.2523 million tons, while consumption was 23.2412 million tons, indicating a surplus of 1.0111 million tons [1]. - China's imports of aluminum ore and concentrates in May 2025 reached 17.51 million tons, a year-on-year increase of 29.4%, with total imports from January to May at 85.18 million tons, up 33.1% year-on-year [1]. Group 2: Institutional Perspectives - Zhengxin Futures notes that while aluminum inventories are at historical lows, supporting prices, domestic demand is entering a slow season with reduced orders, leading to short-term price fluctuations with medium-term downside risks [2]. - Hualian Futures highlights that recent improvements in the supply of alumina have kept prices weak, while the cost of electrolytic aluminum is expected to decline. Despite stable supply, the downstream aluminum processing sector is experiencing a pronounced off-season, with both domestic and export orders declining [2]. - The overall supply pressure remains manageable due to high smelting operating rates, and low inventories suggest a continued strong performance in the near term. The recommendation is to maintain a rolling long position with a reference support level of 20,000 yuan/ton for Shanghai aluminum [2].

LME金属期货涨跌互现，美元波动与中东紧张局势交织，后续价格走势如何演绎？中国铝矿砂进口大 增，未锻轧铜出口下滑，供需格局生变？ 相关链接 期货热点追踪 ...

Group 1 - The core viewpoint of the articles highlights the impact of geopolitical tensions and economic indicators on metal prices, particularly copper, aluminum, and zinc [1][2] - The three-month copper price increased by 0.46% to $9,713 per ton, influenced by a weaker US dollar, while risk aversion due to conflicts in the Middle East limited further gains [1] - The US dollar index fell by 0.1%, making dollar-denominated commodities cheaper for investors holding other currencies [1] Group 2 - Concerns over oil supply in the Middle East have led to rising oil prices, which could negatively affect global economic growth and potentially increase inflation [1] - Recent data indicates a slowdown in US economic growth, with May retail sales declining more than expected, linked to changes in US tariff policies [1] - China's imports of aluminum ore and its concentrates rose by 29.4% year-on-year in May 2025, totaling 17.51 million tons, while the first five months of 2025 saw a 33.1% increase to 85.18 million tons [1] Group 3 - In other base metals, three-month aluminum prices fell by 0.02% to $2,550 per ton, while zinc prices rose by 0.55% to $2,653 per ton [2] - Lead prices increased by 0.18% to $1,979.5 per ton, nickel prices slightly rose by 0.24% to $14,960 per ton, and tin prices saw a 1.11% increase to $32,625 per ton [2]

中国5月份氧化铝出口21万吨，同比增104.6%；1-5月氧化铝出口117万吨，同比增79.3%。 5月份未锻轧铝及铝材进口35万吨，同比增14.7%；1-5月未锻轧铝及铝材进口167万吨，同比降6.9%。 5月份钢材进口48万吨，同比降24.5%；1-5月钢材进口255万吨，同比降16.1%。 5月份铝矿砂及其精矿进口1751万吨，同比增29.4%；1-5月铝矿砂及其精矿进口8518万吨，同比增 33.1%。 ...

金十期货图示 一图看懂海关总署2025年4月重要大宗商品进口月报。 | 看产业链数据 · 到 3 金十期货 | | | | | | --- | --- | --- | --- | --- | | 关总署 | | | 2025年4月 | | | 、宗商品进口月报 | | | | | | 商品名称 | 4月 | 1-4月累计 | 比去年 同期土 | 累计比去年 同期土% | | 0/0 | | | | | | 鳞 农副产品 | | | | | | 大豆(万吨) | 608 | 2319 | -29.1 | -14.6 | | 食用植物油(厉喊) 480) 量子 203 -2.5 | | | | -11.8 | | 豆油(万吨) | 0 | 2 | -75.9 | -69.5 | | 棕榈油(万吨) | 16 | 54 | 6.4 | -22.8 | | 菜子油及芥子油(万吨) 明倩 18 | | 16 191 | 18.4 | 35.6 | | 食糖(万吨) | 13 | 28 | 148.5 | -77.3 | | 棉花(万吨) | 6 | 40 | -82.2 | -71.1 | | ● 矿砂及金属 | | ...

机电、玻璃、医药、纸制品出口增长。一季度，淄博市出口机电产品29亿元，同比增长6.3%，占 淄博出口总值的18.4%。玻璃制品、医药材及药品、纸制品分别出口14亿元、9.5亿元、7.4亿元，同比 增长7%、25.2%、64.4%。 近日，记者从淄博海关了解到，今年一季度，淄博市外贸进出口总值为256.2亿元。其中，出口值 为157.7亿元，同比增长5%。 加工贸易、保税物流增势较好。一季度，淄博市一般贸易进出口总值为214.2亿元，占该市外贸总 值的83.6%；加工贸易、保税物流分别进出口24.1亿元、17.9亿元，同比增长15.1%、6.4%。 外贸市场更趋多元。一季度，东盟为淄博市第一大贸易市场，进出口总值为48.8亿元，占该市外贸 总值的19%；对传统市场欧盟、美国分别进出口26.8亿元、24.9亿元，同比增长7.6%、15.9%；此外，对 新兴市场拉美、非洲分别进出口28.3亿元、16.5亿元，同比增长28.7%、1.2倍。 外资企业进出口活力较强。一季度，民营企业进出口总值为208.5亿元，占外贸总值的81.4%；外资 企业进出口总值为33.1亿元，同比增长7.3%；国有企业进出口总值为14.7亿元 ...