Operating Rate of Secondary Aluminium Industry Slightly Drops in October

Overall, amid the structural adjustment of shifting demand across global regions, China’s prebaked anode exports could offset the pressure from weakening demand in traditional markets through market structure optimization and a shift in the center of orders, coupled with its own capacity and supply chain advantages. Full-year China prebaked anode exports are expected to maintain a certain increase.

The Taweelah complex of Emirates Global Aluminium (EGA) in the UAE sustained severe damage in Iranian missile and drone attacks. Damage assessment work is currently ongoing at the complex, which is located in Khalifa Economic Zones Abu Dhabi.

Entering the second half of March, regional divergence in China’s aluminum market became increasingly pronounced, with the divergence between inventory trends and spot price spreads in east China and south China intensifying. On the one hand, the nationwide post-holiday inventory buildup in aluminum gradually approached its end, inventory overhang pressure in east China continued to ease, circulation efficiency steadily improved, the inventory buildup momentum slowed down significantly, and.....