Odisha Mining Corp to Boost Bauxite Output at Kodingamali Mines Amid Strong Alumina Demand

[ADC12 Price Daily Review: Aluminum Alloy Futures Shot Up, Came Under Pressure and Pulled Back; Spot Aluminum Followed Suit with Sluggish Trading] The aluminum alloy 2609 contract opened at 23,140 yuan/mt today, with an intraday high of 23,290 yuan/mt and a low of 23,055 yuan/mt.

[SMM Aluminum Alloy Flash] As of this week, China's social inventory of cast aluminum alloy ingots has decreased for nine consecutive weeks, now reported at 24,300 mt, down 1,600 mt WoW, with a cumulative decline of 38,700 mt. However, the pace of inventory decline has narrowed significantly compared to before, indicating that the momentum of warehouse withdrawals has weakened.

[SMM SHFE Aluminum Spot] In early trading, the trading center of the SHFE aluminum 2608 contract was higher than the same period of the previous trading day. The rise in aluminum prices caused a notable decline in market procurement sentiment. During the day, some suppliers quoted at around parity against the SHFE aluminum 2608 contract, and market price acceptance remained weak. Mainstream transaction prices mainly ranged from a discount of 10 yuan/mt against the SHFE aluminum 2608 contract to parity with it. In east China, the shipment sentiment index today was 3.13, down 0.03 from the previous trading day; the procurement sentiment index was 2.90, down 0.10 from the previous trading day.