Domestic Secondary Aluminum Alloy Ingot Inventory Down by 364 mt, Foshan Sees Major Destocking

[SMM Aluminum Express News] Four new locomotives, Foussein, Lanny-Ninkin, Kaporo, and Gbereakhory have entered service on Guinea's TransGuinean corridor rail line, managed by La Compagnie du TransGuinéen (CTG). Primarily built to haul high-grade iron ore from Simandou mine to Morebaya port (650 km), these Wabtec units (part of a 78-locomotive fleet) support heavy loads for faster, reliable shipments. The corridor's high-capacity infrastructure (12 stations, 206 bridges, rugged terrain adaptations) also enables transport of bauxite and other minerals, creating a multi-commodity logistics backbone that could shorten transit for landlocked neighbors (e.g., Mali) and boost regional mineral exports.

[smm cast aluminum alloy morning comment: aluminum scrap prices rise but with regional divergence market supply increases] overnight, the 2604 contract for aluminum alloy opened higher and retreated after a rapid rise. it touched a high of 23,305 yuan/mt at the opening and then fluctuated downward, reaching a low of 22,940 yuan/mt, before rebounding slightly towards the close. it finally closed at 230,450 yuan/mt, down 135 yuan/mt from the previous close, a decline of 0.58%. the futures showed a move downwards after a higher opening, indicating a weakening of short-term bullish momentum. trading volume remained low, and open interest decreased slightly, suggesting a cautious approach to trading.

[SMMA Aluminum Morning Meeting Summary: Ongoing Geopolitical Turmoil SHFE Aluminum Expected to Hold Up Well in Short Term] Overall, the aluminum price showed a trend of first declining then rising around the Chinese New Year, and it is expected that SHFE aluminum will maintain a relatively strong position in the short term.