Secondary Aluminum Industry Sees Sharp 11.4% Drop in Operating Rates Ahead of Chinese New Year Holiday

Published: Feb 12, 2026 16:32

Save

[SMM Aluminum Alloy Express] The operating rate of leading enterprises in the secondary aluminum industry fell sharply by 11.4 percentage points WoW this week. As the Chinese New Year holiday approached, secondary aluminum producers began shutting down furnaces and taking holidays starting from February 5. The scope of shutdowns continued to expand during the week, with large and medium-sized aluminum plants basically entering the holiday period around the 12th. Market shipments nearly came to a halt, and the industry's production pace slowed down significantly, with the operating rate quickly pulling back to a periodic low. It is expected that after the holiday, as enterprises gradually resume production, the operating rate will rebound noticeably. However, the initial recovery pace will

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

Chinese Aluminum Industry Adjusts Production Amid High Prices and Holiday Breaks

In summary, during the 2026 Chinese New Year period, the five segments of the aluminum industry chain exhibited differentiated operational trends.

Common.Time.hoursAgo

SMM Aluminum Wire and Cable Holiday Survey

With the Chinese New Year approaching, what are the holiday plans for domestic aluminum wire and cable enterprises in 2026? This SMM survey covers 10 aluminum wire and cable enterprises, involving a total capacity of 752,000 mt, and clearly categorizes them into three types based on their holiday schedules.

Common.Time.hoursAgo

BoC Governor Warns of Recession Risk if Canada Loses US Trade Preferences Under USMCA

Bank of Canada Governor Tiff Macklem pointed out that Canada's economy is highly likely to fall into a recession if it loses preferential trade access to the US granted under the US-Mexico-Canada Agreement (USMCA). However, he emphasized that, despite recent trade frictions, such a scenario is not considered in the Bank of Canada's baseline outlook—the central bank's baseline forecast still assumes that Canada will maintain its exempt status.

Common.Time.hoursAgo