SHFE 1707 Aluminum Falls Back from Highs (2017-5-19)

Data shows that China's aluminum wire exports totaled 77,300 mt in August 2026, down 24.77% MoM but up 246.4% YoY. From January to August 2026, China's aluminum wire exports totaled 463,600 mt, up 164.7 percentage points compared to the same period last year. Of this, exports of other non-insulated aluminum stranded wire, cables, braids and similar products totaled 61,200 mt, down 27.61% MoM, accounting for 79.18% of total exports; exports of non-insulated steel-cored aluminum stranded wire, cables, braids and similar products totaled 16,100 mt, down 11.58% MoM, accounting for 20.82% of total exports.

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on September 18, the total bauxite inventory at ten domestic ports increased by 490,000 mt from the previous week.

Imports: Data from the General Administration of Customs shows domestic primary aluminum imports were approximately 186,000 tonnes in August 2026, up 0.2% MoM and down 14.6% YoY. For Jan-Aug 2026, cumulative domestic primary aluminum imports stood at roughly 1.66 million tonnes, falling 3.4% YoY. Exports: Per customs statistics, domestic primary aluminum exports reached about 22,000 tonnes in August 2026, down 30.7% MoM and 14.7% YoY. Cumulative exports over Jan-Aug 2026 were around 168,000 tonnes, rising approximately 9.3% YoY. Net Imports: Domestic net imports of primary aluminum came in at 164,000 tonnes in August 2026, an increase of 6.5% MoM and a decline of 14.6% YoY. The cumulative net imports for Jan-Aug 2026 were about 1.49 million tonnes, down 4.7% YoY.