【SMM Aluminum Flash News】Yongmaotai to Focus on Magnesium Alloys and Components for Automotive Lightweighting Goals

Amid fluctuations in the US-Iran conflict, the night session saw SHFE aluminum prices rise. Today, traders and downstream processing enterprises in central China mainly adopted a wait-and-see stance, with low purchase willingness, leading to sluggish market transactions. Some large suppliers held prices firm and held back from selling, while smaller suppliers showed weaker resolve to hold prices, resulting in a significant divergence between quotations and transactions. Ultimately, the actual transaction price range in the central China market was around a premium -100-140 yuan/mt against the SHFE aluminum August contract, with a continued weakening trend.

[SMM Aluminum Express News] Coca-Cola said rising aluminum and PET resin costs contributed to a loss of market share in India during the second quarter, as higher packaging costs and gaps in its mid-priced packaging portfolio affected competitiveness. The company said aluminum and PET prices increased more than expected, while shortages of aluminum cans also disrupted product availability in the market. The company is responding by adjusting prices, sourcing larger aluminum cans from Southeast Asia, and expanding packaging options to recover market share. Coca-Cola said it remains optimistic about long-term growth in India despite the recent cost pressures and supply chain disruptions.