Alumina Transaction: 30,000 mt at $335.5/mt FOB Jamaica, Shipment in May

National Aluminium Company (NALCO) reported that its 130 kWp rooftop solar project in the Damanjodi mining area had officially commenced operations. Meanwhile, the smelter's 960 electrolytic cells continued to operate at full capacity, with an annual operating scale of approximately 460,000 mt. At present, NALCO is expected to add 500,000-600,000 mt of aluminum capacity. The project is currently in the feasibility study and environmental impact assessment (EIA) stage; however, its progress is constrained by the construction schedule of the power plant.

[SMM Aluminum Alloy Flash News] Futures side, the most-traded aluminum alloy 2604 contract opened at 23,580 yuan/mt in early trading, briefly rose to 23,670 yuan/mt, and then, affected by long position reductions, fell in waves to a low of 23,380 yuan/mt. As of the midday close, the latest price stood at 23,425 yuan/mt, down 325 yuan/mt from the previous trading day's settlement price, a decline of 1.37%. Spot side, the ADC12 market generally trended downward today, with mainstream producers mostly lowering quotes by 100 yuan/mt. Affected by the pullback in aluminum prices, cost support weakened, and enterprises adjusted quotes accordingly, but the overall extent of adjustments remained relatively restrained, with market sentiment staying cautious.

Latest Progress on the New-Type Aluminum Rolling Project: Steel Dynamics (SDI) disclosed in its Q1 guidance report that commissioning of its flat-rolled aluminum mill in Columbus, Mississippi, was progressing steadily. At present, the plant has successfully produced finished hot-rolled aluminum coil products suitable for the beverage can and automotive industries, and these products have smoothly passed quality certification by multiple downstream clients.