[SMM midday review] South China Aluminum: low prices drive downstream pick-up market transactions better than yesterday

As September draws to a close, "recovery" and "tug-of-war" stand out as the two defining keywords of China's aluminium billet market this month. On one side, supply-side disruptions intensified in stages and inventories shifted from consecutive builds to destocking—a marginal improvement, with outbound volumes rising for two consecutive weeks...

[SMM Analysis: "Double Festival" Approaches: Aluminum Billet Supply Disruptions Intensify in Phases; Processing Fees Return to a Tug-of-War After a V-Shaped Recovery] September is about to close. Looking back at China's aluminum billet market this month, "recovery" and "tug-of-war" are the two most striking key words. On one side, supply-side disruptions intensified in phases, and inventory shifted from continuous buildup to destocking, marking a marginal improvement. Driven by downstream stockpiling ahead of the holiday, warehouse withdrawals rebounded for two consecutive weeks during the month. On the other side, processing fees pulled back again after a V-shaped recovery, and the tug-of-war between sellers and buyers never stopped. Entering the "Double Festival" window, the supply-side disruption patterns throughout September and the supply variables around the National Day holiday have become the core threads for assessing the market outlook...

[SMM Survei Mingguan Hilir Aluminium] Minggu ini, tingkat operasi perusahaan pengolahan hilir aluminium terkemuka di Tiongkok tercatat 62,1%, naik tipis 0,2 poin persentase dibandingkan minggu sebelumnya. Menjelang Festival Pertengahan Musim Gugur dan Hari Nasional, penimbunan stok sebelum hari raya berjalan tertib, dan tingkat operasi di semua sektor tetap stabil secara umum.