Chinese New Year Causes Drop in Aluminum Demand and Operating Rates

Published: Feb 5, 2026 22:06

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[SMM Aluminum News Flash] According to SMM data on February 5, as the Chinese New Year holiday approached, downstream processing enterprises began taking holidays successively. Coupled with high aluminum prices suppressing demand, the operating rate of aluminum semis declined and demand weakened. The proportion of liquid aluminum dropped 8.6 percentage points WoW this week.

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