SHFE Cast Aluminum Alloy Warrants Down 1,720 mt to 64,454 mt on Feb 27

[SMM Aluminum Express] According to SMM data, the secondary aluminum industry PMI fell 16.7 percentage points MoM to 27.9% in February, remaining in contraction territory. Affected by the Chinese New Year holiday, enterprise production pace slowed down, with both supply and demand weakening, leading to a significant pullback in industry prosperity. Entering March, as enterprises fully resume production, the secondary aluminum industry PMI is expected to rebound above the 50 mark.

[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 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.