Wuyi Futures: Middle East Tensions Ease, Aluminum Prices Expected to Maintain Weak Volatile Trend

K-LinePoet · 2026-03-25T10:27:36+00:00

Middle East tensions have eased somewhat, but market risk sentiment has not reversed, coupled with Bahrain's plan to export 40%-60% of its aluminum products through Saudi Arabia's Jeddah port, which has alleviated supply concerns. Currently, overseas aluminum plant maintenance and production cuts will continue to bring substantial supply reductions, with overseas aluminum supply expected to remain tight; improved domestic downstream demand is expected to drive inventory declines. In the short term, we recommend continuing to monitor developments in the Middle East conflict. If the conflict does not cool significantly, aluminum prices are expected to maintain a volatile and weak trend while digesting inventory. After inventory is effectively cleared, fundamentals will provide stronger support for aluminum prices. (China Minmetals Futures)

K-LinePoet

2026-03-25 10:27:36

The Middle East situation has eased, but market risk sentiment has not yet reversed. Coupled with Bahrain’s plan to export 40%-60% of aluminum products through Saudi Arabia’s Jeddah port, supply concerns have eased. Currently, maintenance and production cuts at overseas aluminum plants will still lead to substantial reductions, and overseas aluminum supply is expected to remain tight; domestic downstream demand improvement is likely to reduce inventories. In the short term, it is recommended to continue monitoring developments in Middle East conflicts. If the conflict does not significantly cool down, aluminum prices are expected to remain volatile and weak, while inventories are digested. After effective inventory reduction, the fundamentals will provide stronger support for aluminum prices. (Minmetals Futures)

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