Huolin Gol Yongtai Aluminum Industry Accelerates 60,000 mt Annual Capacity Project

[SMM Aluminum Alloy Daily Review] Futures side, the aluminum 2608 contract opened at 23,495 yuan/mt today, and after rising to an intraday high of 23,655 yuan/mt, bulls quickly exited, sending prices into a one-way decline. The market remained under pressure through the session without any notable rebound, and fell to a low of 23,200 yuan/mt before closing at that level by the morning close, a daily drop of 1.17%, or down 345 yuan/mt from the settlement price. Spot side, the ADC12 market overall maintained a steady trend today, with SMM ADC12 standing flat from the previous trading day at 24,100 yuan/mt. In the absence of fresh bullish or bearish drivers, enterprises generally adopted a wait-and-see approach, prioritizing selling at stable prices. It is expected that ADC12 prices will cont

SHFE aluminum futures fluctuated and pulled back. After the holiday, downstream processing enterprises in the central China market showed low buying sentiment, still mainly focused on digesting inventories, and overall market transactions were relatively sluggish. Meanwhile, premiums met expectations. Recently, a large number of warrants flowed out, leading to a massive release of available supply in the market, and suppliers' willingness to hold prices firm was poor. Ultimately, the actual transaction price range in the central China market was around a discount of 80-110 yuan/mt against the SHFE aluminum July contract.