Dear Users,
Greetings. Based on periodic public disclosures from listed enterprises and communications across the market, Shanghai Metals Market (SMM) has revised part of the monthly domestic primary aluminum output data. The relevant data points are specified as follows:
## I. Primary Aluminum Supply Data
**New Indicator**
SMM: Aluminum Production: Others: Monthly - a12871215
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output. Overseas primary aluminum output will be updated irregularly in accordance with listed companies' reports.
SMM Monthly Production Of Aluminum: Total - a10004408
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output. Overseas primary aluminum output will be updated irregularly in accordance with listed companies' reports.
SMM Monthly Proportion Of Aluminum Liquid: Aluminum Production - a10124317
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output. Overseas primary aluminum output will be updated irregularly in accordance with listed companies' reports.
Aluminum_Operating Capacity - a10146955
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output. Overseas primary aluminum output will be updated irregularly in accordance with listed companies' reports.
Aluminum_Operating Rate - a10146957
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output. Overseas primary aluminum output will be updated irregularly in accordance with listed companies' reports.
SMM Monthly Operating Rate Of Aluminum : YoY - a10004254
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output. Overseas primary aluminum output will be updated irregularly in accordance with listed companies' reports.
## II. Primary Aluminum Balance Data
SMM Monthly Aluminum Balance: Production - a10004370
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Apparent Consumption- a10004372
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Annualized Capacity - a10004373
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Consumption - a10004375
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Consumption Growth Rate - a10004376
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Inventory/Consumption - a10004377
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Aluminum Production YoY - a10004378
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Cumulative Consumption Growth Rate - a10004379
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM Monthly Aluminum Balance: Cumulative Production Growth Rate- a10004380
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
## III. Primary Aluminum Balance Data – Demand Derived from Rolled & Extruded Products
SMM: Domestic Aluminum Balance: production: Monthly - a12858073
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
SMM: Domestic Aluminum Balance: Primary Aluminum Balance: Monthly - a12858084
Coverage Period: 2023 – January 2026
Note: Adjustments stem from revisions to domestic primary aluminum output.
## IV. Alumina Balance Data
SMM Monthly Balance Of Alumina : Consumption- a10004384
Coverage Period: 2024 – January 2026
Note: Revisions to domestic primary aluminum output have led to changes in domestic alumina consumption.
SMM Monthly Balance Of Alumina - a10004385
Coverage Period: 2024 – January 2026
Note: Revisions to domestic primary aluminum output have led to changes in domestic alumina consumption.
SMM conducts revisions to historical data out of commitment to data accuracy. We sincerely apologize for any inconvenience caused.
SMM Aluminum Research Team
May 28, 2026