China Aluminum Stocks Continue Growing Sharply, SMM Says

Trimet Essen Aluminum Smelter Reached a New Milestone: Cumulative Cast Aluminum Output Surpassed 10 Million mt Earlier today, Trimet’s foundry in Essen, Germany, reached a major milestone in its production history. Since the plant began operations in 1971, Casting Station No. 216 cast the first 10 million mt of aluminum today. This record-setting batch of aluminum was produced in the form of extrusion billets and has been delivered to Otto Fuchs. As a long-term client of Trimet, Otto Fuchs will process these materials into components used in automotive manufacturing, global aerospace, and various industrial sectors. The aluminum smelter in Essen was established in 1971.

[SMM Aluminum Alloy Flash] ADC12 market quotes generally moved lower, with most cuts in the 200-400 yuan/mt range. The price adjustment was mainly driven by a downward shift in the cost center and weaker downstream purchasing. However, amid the pullback in prices, aluminum scrap traders’ reluctance to sell became more pronounced, leaving limited room for raw material costs to pull back. Enterprises were generally cautious in adjusting prices, and most producers still held bullish expectations for the market outlook.

[SMM Flash] SHFE data showed that on March 6, the total registered volume of cast aluminum alloy warrants was 58,729 mt, down 1,453 mt from the previous trading day. Among them, the total registered volume in Shanghai was 5,618 mt, down 91 mt from the previous trading day; Guangdong was 20,300 mt, down 579 mt; Jiangsu was 7,477 mt, down 241 mt; Zhejiang was 19,958 mt, down 391 mt; Chongqing was 4,294 mt, down 60 mt; and Sichuan was 1,082 mt, down 91 mt.