Secondary Aluminum PMI Falls to 27.9% in Feb, Expected Rebound in March

[SMM Aluminum Express News] Russian Ambassador Sergei Tolchenov proposed cooperation with West Kalimantan on a nuclear power plant, aluminum processing facility, and educational programs. Accompanied by Russian investors from bauxite, aluminum, and nuclear sectors, he asked the province to identify strategic partners. Rosatom (Anna Belokoneva) presented reactor technologies from 100 MW to 1,200 MW with high safety standards. Rusal (Aleksey Mirskiy) offered to invest in an aluminum processing plant and invited Governor Ria Norsan to visit Rusal facilities in Russia. Governor Ria Norsan welcomed the offers, confirming a prepared site for a nuclear power plant on Semesak Island, Bengkayang District, and openness to Russian investment.

[SMM Aluminum Alloy Express] The most-traded aluminum alloy 2604 futures contract opened higher today at 22,655 yuan/mt, briefly climbed to 22,633 yuan/mt before pulling back quickly, and hovered in the doldrums around the time-weighted average line. Around 13:30 in the afternoon, it hit the intraday low of 22,455 yuan/mt, then bottomed out and recovered near the average line by the close, ending at 22,730 yuan/mt, up 0.09% from the previous close. Trading volume was 9,812, open interest was 7,920, with bears mainly reducing positions. Spot SMM ADC12 prices rose slightly by 50 yuan/mt. During the week, market inquiries gradually recovered, and trading activity improved, but actual transaction volumes remained relatively limited.

[SMM News] SHFE data shows that on February 27, the total registered volume of cast aluminum alloy warrants was 64,454 mt, a decrease of 1,720 mt compared with the previous trading day. By region, the total registered volumes were: Shanghai (6,429 mt, down 61 mt), Guangdong (21,847 mt, down 303 mt), Jiangsu (8,679 mt, down 210 mt), Zhejiang (21,582 mt, down 1,116 mt), Chongqing (4,564 mt, down 30 mt), and Sichuan (1,353 mt, unchanged).