Capacity Cut Rumor to Allow SHFE Aluminum Outperform LME Aluminum, SMM Expects

[SMM Aluminum Alloy Daily Review] ADC12 market quotes were broadly raised today, with SMM ADC12 prices up 200 yuan/mt from the previous day. The upward adjustments were mainly driven by stronger aluminum prices and futures, higher raw material costs, and improved market sentiment. The cost side is now providing stronger support for ADC12 prices, and enterprises, facing cost pressure and a firmer market, have shown a greater willingness to repair prices upward. Meanwhile, some enterprises hold certain expectations for a recovery in end-use demand going forward. Attention should still be paid to the recovery of end-user orders and further changes in aluminum prices and raw material costs.

[ADC12 Price Daily Review: Futures Breakout Lifts Center, ADC12 Quotes Raised, Upside Momentum Still Awaits Demand Verification] Today, ADC12 market quotes showed a relatively notable upward trend overall. The SMM ADC12 price rose by 200 yuan/mt from the previous day to 24,300 yuan/mt. The price adjustment momentum was mainly driven by stronger aluminum prices and futures, higher raw material costs, and improved market sentiment.

[SMM Flash de Aleación de Aluminio] El inventario social de lingotes de aleación de aluminio fundido en China se situó en 33.000 toneladas esta semana, un aumento de 1.200 toneladas intermensual, marcando la cuarta semana consecutiva de acumulación de inventario. En términos interanuales, el inventario actual disminuyó en 38.400 toneladas en comparación con el mismo período del año pasado, una caída del 53,8%. Actualmente en la etapa inicial de la temporada alta, las empresas transformadoras están comprando principalmente por demanda rígida, y el lado de la demanda aún no se ha recuperado por completo. Las compras de algunos comerciantes al contado han complementado en cierta medida el inventario entrante. A corto plazo, se espera que el inventario social continúe su ligera tendencia de acumulación.