【SMM Aluminum Flash News】Tongda Co. Forecasts 58.85%-71.96% Drop in Q1-Q3 Net Profit

[SMM Aluminum Billet Inventory] As of October 19, SMM 6063 aluminum billet inventory across two major consumption sites was in the 100,000-tonne range, down again from the previous session and extending a five-session destocking run, led by Guangdong.

[SMM Aluminum Ingot Inventory] As of October 19, SMM aluminum ingot inventory across three major consumption sites stood in the 460,000-tonne range, extending its decline for a fifth working day. Guangdong edged higher while the other two regions continued to destock.

Recently, the Alloy Division announced exciting news: a key breakthrough has been achieved in the formulation testing of the high-end new product, 5083 alloy. The trial production process was stable and controllable throughout, with all performance indicators meeting the standards, marking a successful first-time trial production. This signifies a major advancement for the division in the R&D and production of high-end alloy products, laying a solid foundation for product iteration and upgrading, deepening its presence in the high-end market, and enhancing its core competitiveness. It is understood that 5083 alloy is a high-end alloy material with stringent technical standards, high formula precision requirements, and complex production processes. It places extremely high demands on production control, parameter regulation, and equipment adaptation, presenting numerous difficulties and challenges in the trial production. To successfully overcome these technical difficulties and ensure the effective implementation of the trial, the Alloy Division attached great importance to this new product trial production, making advance plans and precise deployments for all preparatory work. To address technical shortcomings, thoroughly understand core processes, and master key technical points, the division proactively benchmarked against advanced industry standards, sending core technical personnel to conduct specialized benchmarking training. The learning team focused on in-depth research and precise learning of the core contents of 5083 alloy production process, core formula ratio, and key process control, accumulating rich and practical experience, which comprehensively consolidated the technical foundation of this experiment and provided strong technical support for subsequent localization process optimization and experimental implementation.