China's Aluminum Extrusion Exports Down 2.4% MoM, Up 6.6% YoY in July 2026

New Zealand aluminum beverage can manufacturer Recorp has now officially entered the Australian market, relying on its 16,000 m² manufacturing plant in Manukau, South Auckland, to provide various can types for local beverage brands. The plant had a total investment of NZ$115 million, officially started production in November 2024, and has an annual capacity of approximately 550 million cans. The production line can operate at a maximum speed of 1,850 cans per minute, and is equipped with eight can body formers, two sets of decorating equipment, and specialized devices for quick changeovers between different can heights and diameters. Recorp takes flexible production capacity, low minimum order quantities, and high secondary aluminum content as its core competitive advantages, precisely targeting the Australian beverage brand market.

Yinxing Energy (000862.SZ) announced that the company intends to invest in the construction of a distributed PV power station with a capacity of not less than 12.9487MWp at the plant area of Guangxi Branch of Aluminum Corporation of China, a related party, with a total investment of 37.35 million yuan, and sign the "Energy Management Contract for Distributed PV Power Generation Project". The project's equity capital accounts for 40%, with the remainder to be financed through bank loans; the after-tax financial internal rate of return is not less than 6.5%, the agreed electricity price is 0.42037 yuan/kWh, and the energy-saving benefit sharing period is 25 years. This transaction constitutes a related party transaction, which has been reviewed and approved by the board of directors and independent directors, and does not need to be submitted to the shareholders' meeting for review.

[Persistent Strait risks disrupt aluminum market sentiment, seasonal stockpiling falls short of expectations, aluminum prices under pressure] Comprehensive assessment: macro sentiment fluctuates repeatedly, the Middle East situation enters a state of "neither war nor peace," frequently disturbing aluminum prices in China and overseas; on the fundamentals side, aluminum ingot inventory continues to trend toward destocking, providing bottom support for aluminum prices; however, the SHFE/LME price ratio has recovered, and with digestion of orders on hand, export demand is expected to gradually weaken, domestic end-user demand in China is generally mediocre, the period of transition between off-season and peak season is not yet clear, the market has certain concerns about peak-season demand, and short-term aluminum prices are expected to consolidate on a subdued note.