Aluminum Alloy Prices Steady, Futures Edge Down Ahead of Dragon Boat Festival

On the last day before the Dragon Boat Festival, downstream processing enterprises in central China showed strong buying sentiment. Overall market transactions were relatively active, but actual transaction prices were relatively weak. Traders holding goods tended to sell in large quantities before the festival to mitigate the risk of price changes during the holiday period. Ultimately, the actual transaction price range in the Central China market centered around a discount of 70-100 yuan/mt against the SHFE aluminum July contract.

[SMM Flash News] According to reports, the mass production plan for the 9,200 mt Gigacasting giant die-casting machine at Hyundai Motor's Ulsan plant in South Korea has been postponed from the originally planned 2026 to 2028. It is understood that this giant integrated die-casting technology is currently only suitable for pure EV production lines. Due to delays in the brand's EV project progress, the mass production pace of the supporting die-casting line has been postponed accordingly.

[SMM Express] According to reports, Qingdao Fengguang Precision Machinery Co., Ltd. recently plans to acquire a 51% equity stake in Beijing Weishi Shenlan Technology Co., Ltd. for 112 million yuan in cash. Upon completion of the transaction, Fengguang Precision will gain control of Weishi Shenlan. This acquisition will promote deep synergy between both parties at the levels of technology, capacity and market, injecting new momentum into the high-quality development of Fengguang Precision.