China's Aluminum Ingot Inventory Falls on September 30

[SMM Aluminum Billet Inventory] According to SMM statistics, 6063 aluminum billet inventory in major domestic consumption sites of China stood at 149,500 tonnes on September 30, down 5,000 tonnes from Monday and up 500 tonnes from last Thursday.

[SMM cast aluminum alloy morning comment: Futures fell on position reduction, cost support versus weak pre-holiday demand, spot prices mostly stable] On Tuesday, the ADC12 spot market overall continued to run steadily. On one hand, although aluminum prices and cast aluminum futures weakened, aluminum scrap raw materials...

The EU Council gave final approval on September 24 to temporary trade measures expected to make about 80% of Armenian exports to the bloc duty-free. The annex covers CN 7202 ferro-alloys and CN 2825 other metal oxides, bringing qualifying Armenian ferromolybdenum and molybdenum oxide within scope. SMM learned that European inquiries and procurement demand for Armenian ferromolybdenum increased today as the market priced in the expected tariff relief, potentially improving the material’s competitiveness. As of September 30, the regulation was still awaiting signature and publication in the EU Official Journal. It will enter into force the following day and apply for two years, meaning the current demand pickup mainly reflects advance positioning ahead of implementation.