Aluminium Ingot January Production Analysis & February Forecast

According to SMM's research findings, Yunnan Province is currently experiencing a dry season, with hydropower contribution remaining at a relatively low level. Enterprises have no immediate plans for production resumption and await clearer policy guidance from the power sector.

The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut costs or halt production. However, there is hope for relief through potential relaxation of the export ban policy. Efforts are underway to boost alumina production capacity, although challenges persist in addressing the surplus bauxite issue.

Aluminum stocks in China’s seven major markets rose again as a result of poor downstream consumption after last week’s big fall , SMM statistics showed.

Aluminum stocks in China’s seven major markets hit a new record high and grew as much as 85,000 tonnes from pre-holiday levels, SMM statistics show. Details are shown in the table below:

Aluminum stocks in China’s seven major markets fell this week after growing steadily, SMM statistics showed.

Aluminum stocks in China’s seven major markets rose further this week, SMM statistics showed.

Aluminum stocks continued growing in China’s seven major markets, SMM statistics showed.

Aluminum stocks in China’s seven major markets rose again after a temporary fall, SMM statistics showed.

Aluminum stocks in China’s seven major markets began to fall after frequently refreshing record highs, SMM statistics showed.