News

[smm cast aluminum alloy morning comment: aluminum scrap prices rise but with regional divergence market supply increases] overnight, the 2604 contract for aluminum alloy opened higher and retreated after a rapid rise. it touched a high of 23,305 yuan/mt at the opening and then fluctuated downward, reaching a low of 22,940 yuan/mt, before rebounding slightly towards the close. it finally closed at 230,450 yuan/mt, down 135 yuan/mt from the previous close, a decline of 0.58%. the futures showed a move downwards after a higher opening, indicating a weakening of short-term bullish momentum. trading volume remained low, and open interest decreased slightly, suggesting a cautious approach to trading.

[SMMA Aluminum Morning Meeting Summary: Ongoing Geopolitical Turmoil SHFE Aluminum Expected to Hold Up Well in Short Term] Overall, the aluminum price showed a trend of first declining then rising around the Chinese New Year, and it is expected that SHFE aluminum will maintain a relatively strong position in the short term.

[smm aluminum alloy futures review] the most-traded al2604 futures contract fluctuated upward today. after a slight pullback in the early session, it stabilized and continued to rise in the afternoon, reaching the day's high at the close. it closed at 23,180 yuan, up 450 yuan/mt from the previous close, with a gain of 1.98%. trading volume was 14,947, and open interest was 6,875, mainly due to short positions being reduced. during the day, trading volume slightly increased while open interest decreased, indicating a rise on reduced positions. the price broke through the recent range, closing with a bullish candlestick. the kdj indicator turned upward, suggesting that bulls had an advantage in the short term, and the sentiment in the futures market was relatively strong.

[Secondary Aluminum Alloy Daily Review] Today, the quotations in the secondary aluminum alloy market were generally raised. Before noon, manufacturers generally increased prices by 100 yuan/mt, and some enterprises, supported by bullish expectations and low finished product inventories, raised their prices by up to 200 yuan/mt. In the afternoon, futures significantly surged, further strengthening market sentiment, and some manufacturers followed suit with another price hike, resulting in a cumulative increase of 100-400 yuan/mt for the day. As enterprises gradually resumed production, market supply slowly recovered, and willingness to sell among manufacturers improved; however, the pace of resumption of work downstream after the holiday was relatively mild, and the release of orders remain

[SMM Aluminum Express News] The Federal Government of Nigeria and the African Finance Corporation (AFC) have signed a landmark Memorandum of Understanding to co-fund three strategic mining projects. The flagship initiative is a USD 1.3 billion alumina refinery designed to process approximately 1 million tons of bauxite per year using a modern Bayer-process flowsheet. It will feature an on-site gas-fired cogeneration plant to produce steam and electricity for efficient operations. The refinery is projected to run for about 20 years at 95% utilization, yielding a cumulative total of around 19 million tons of alumina over its lifespan.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Mar , 2026

On the morning of February 26, the high-alumina clinker project implemented by Damei Company officially commenced trial production. This project is a major industry following the industrial restructuring of the Bosai Group's Nanchuan division, and a powerful engine for Nanchuan District's development of a high-end refractory materials industrial park. The project covers 218 acres, with a total investment of 1.3 billion yuan, and will construct a high-alumina clinker production line with an annual output of 400,000 tons, along with supporting facilities. The project is planned in one phase but implemented in stages, with the first phase, a 200,000-ton-per-year production line, scheduled for completion in the second half of 2025.

On February 26, the Wanjiang Jiangnan Emerging Industry Cluster held a meeting on adhering to innovation-driven development, accelerating industrial agglomeration, and promoting high-quality development. At the meeting, 16 key industrial projects were signed, with a total investment of 7.26 billion yuan. It is reported that in recent years, the cluster has focused on the development direction of its leading industries, actively developing future industries and expanding emerging industries。 The projects signed this time cover fields such as new energy, new materials, electronic information, and high-end equipment, with the quality and technological content of individual projects reaching record highs.

Emirates Global Aluminium (EGA) released its 2025 performance report, showing that in 2025, the company's net profit (excluding GAC data) increased by 16% to US$1.34 billion, and core profit increased by 7% to US$2.53 billion, mainly due to the rise in the average real price of aluminum and the increase in total sales volume. EGA's EBITDA in 2025 was AED 9.28 billion (US$2.53 billion), compared to AED 8.69 billion (US$2.37 billion) in 2024. In 2025, EGA's foundry metal production reached a record high of 2.84 million tons, up from 2.77 million tons in 2024. In 2025, EGA's sales volume of low-carbon aluminum products increased by 70%, reaching approximately 196,000 tons.

The alumina futures 2605 contract showed a retreat after rapid rise overnight, opening at 2,746 yuan/mt, reaching an intraday high of 2,772 yuan/mt before pulling back, hitting a low of 2,743 yuan/mt, and finally closing at 2,751 yuan/mt. From a technical perspective, the short-term moving average system exerted pressure on the futures price, with the MA5 and MA10 converging near 2,743.2 and 2,745.1 respectively, indicating intense tug-of-war between longs and shorts; the MA30 above was at 2,811.7, imposing strong resistance on the rebound. Meanwhile, market volume significantly shrank, with trading volume dropping to 174,000 lots and open interest also decreasing to 366,000 lots, suggesting that sentiment became cautious near key points.

[SMM Cast Aluminum Alloy Morning Comment: Supply and Demand Gradually Recover, ADC12 Prices Hold Up Well] After the holiday, market inquiry activities gradually recover, and trading activity increases, but actual transaction volumes remain relatively limited. Currently, downstream enterprises are mainly focused on restocking based on rigid demand and prioritizing the digestion of pre-holiday inventory. Entering March, with the full resumption of production at end-user companies, the certainty of MoM demand improvement strengthens, and consumption is expected to continue its rebound. Following the Lantern Festival, as enterprises fully resume production, market circulation is expected to gradually increase.