SMM Analysis: Primary Aluminum Alloy Market Sees Sluggish Recovery Amid Off-Season and Chinese New Year Impact

[SMM Analysis: Weak Recovery in the Primary Aluminum Alloy Market During the Off-Season—When Will Spring Arrive?]

According to SMM survey statistics, the operating rate of China's primary aluminum alloy industry in January was 49.88%, down 5.17 percentage points MoM. The decline in the operating rate was significantly impacted by the Chinese New Year holiday. Based on the SMM survey, during the last week before the Chinese New Year, although more than half of the enterprises had not yet adjusted their plans and were expected to maintain normal production during the holiday, some enterprises reported that they were still fully engaged in taking orders and production, with their operating rates either unaffected or only slightly impacted. However, some enterprises had already chosen to slow down their production pace, with feedback from northern customers indicating...