Bauxite in Shanxi to Sustain Local Alumina Production for at Least 10 Years, SMM Survey

[SMM cast aluminum alloy morning comment: Price spread between A00 aluminum and aluminum scrap narrowed during the week, while the decline in social inventory of aluminum alloy widened] ADC12 market quotes generally weakened on Thursday, with the SMM ADC12 price falling by 200 yuan/mt from the previous day to 24,300 yuan/mt. The current weakness in aluminum prices has fueled bearish sentiment in the market, while downstream order improvements remain limited, leaving spot prices with insufficient upward momentum. However, relatively firm aluminum scrap prices, tight supply of compliant raw materials, coupled with continued destocking of social inventory and limited import replenishment, still provide some support to prices. Going forward, close attention should be paid to the trends in aluminum and aluminum scrap prices, changes in market sentiment, as well as improvements in downstream orders and procurement demand.

Ekspor tembaga India naik lebih dari dua kali lipat pada April–Agustus; pengiriman aluminium meningkat 15,5%

[SMM survei mingguan aluminium hilir] Rata-rata tingkat operasi di perusahaan pengolah aluminium hilir terkemuka China mencapai 61,7% minggu ini, naik 1,2 poin persentase WoW, karena dimulainya kembali aktivitas pasca-liburan dan tumpukan pesanan mendorong aktivitas di sebagian besar sektor.