Indonesia Aims to Boost Aluminium Exports: Govt Meets Industry Leaders for Synergy

[SMM Flash] According to data from CCCM, China's motorcycle industry got off to a good start in January, with both production and sales showing significant growth on a YoY and MoM basis. Foreign trade exports continued the strong growth trend from the previous year, with monthly exports hitting a multi-year high. In January, motorcycle production and sales reached 2.0046 million units and 2.0051 million units, respectively. Production decreased by 0.08% MoM, while sales increased by 2.2% MoM, and were up 26.01% and 23.63% YoY, respectively. Motorcycle exports in January totaled 1.323 million units, up 6.86% MoM and 24.94% YoY.

[SMM Express] Overseas ADC12 offers rose slightly to the range of $2,850-2,910/mt today, as the yuan strengthened against the US dollar, expanding the immediate import profit margin to around 300 yuan/mt.

[SMM Aluminum Alloy Daily Report] Futures side, on the first trading day after the holiday, Aluminum Alloy 2604 opened at the day's low of 22,070 yuan/mt. Early session saw strong capital sentiment, pushing the price up to a high of 22,460 yuan/mt. Subsequently, the futures pulled back amid fluctuations, closing at 22,320 yuan/mt, up 1.27% from the last trading day before the holiday. Throughout the day, bears mainly reduced positions, with the overall market still in a consolidation phase following the previous decline. Spot side, today's SMM ADC12 price was raised by 100 yuan/mt to 23,750 yuan/mt. The strong performance of the futures on the first day after the holiday boosted market sentiment, but secondary aluminum enterprises showed some divergence in their quotations. Some enterprise