Secondary Aluminum PMI Falls to 27.9% in Feb, Expected Rebound in March

[SMM Aluminum Alloy Express] The most-traded aluminum alloy 2604 futures contract opened higher today at 22,655 yuan/mt, briefly climbed to 22,633 yuan/mt before pulling back quickly, and hovered in the doldrums around the time-weighted average line. Around 13:30 in the afternoon, it hit the intraday low of 22,455 yuan/mt, then bottomed out and recovered near the average line by the close, ending at 22,730 yuan/mt, up 0.09% from the previous close. Trading volume was 9,812, open interest was 7,920, with bears mainly reducing positions. Spot SMM ADC12 prices rose slightly by 50 yuan/mt. During the week, market inquiries gradually recovered, and trading activity improved, but actual transaction volumes remained relatively limited.

[SMM News] SHFE data shows that on February 27, the total registered volume of cast aluminum alloy warrants was 64,454 mt, a decrease of 1,720 mt compared with the previous trading day. By region, the total registered volumes were: Shanghai (6,429 mt, down 61 mt), Guangdong (21,847 mt, down 303 mt), Jiangsu (8,679 mt, down 210 mt), Zhejiang (21,582 mt, down 1,116 mt), Chongqing (4,564 mt, down 30 mt), and Sichuan (1,353 mt, unchanged).

[SMM Express] It is reported that the CITIC Dicastal integrated die-casting south China base (Jinhua) project has entered the critical stage of finalizing the plant and debugging products, striving at full capacity toward the goal of official production. The project adopts advanced large-scale integrated die-casting technology and introduces a series of supporting equipment, including a 10kt die-casting machine (island), machining centers, and automated assembly lines. Upon completion and operation, it will possess an annual production capacity of 450,000 integrated die-cast aluminum alloy automotive parts.