At the beginning of the new year, China's nonferrous metals market performed differently, with Shanghai aluminum prices fluctuating significantly.

Affected by multiple macro factors such as the Federal Reserve's policy adjustments, increased global economic uncertainty, and escalating trade frictions, the nonferrous metals market has been pressured.

For the aluminum market, changes in the supply and demand patterns have become a key factor affecting aluminum prices.

Overall, the supply and demand situation in the aluminum market may improve in the first quarter of 2025, but there may be a significant surplus after the second quarter.