Henan town shuts secondary aluminium producers for environmental upgrading

[SMM Aluminum Alloy Daily Review] Today, the average price of SMM ADC12 was raised by 100 yuan/mt. Primary aluminum and aluminum scrap prices continued to rise, and cost support from raw materials further strengthened, leading to a stronger willingness in the market to follow the price rise, with relatively solid support at the bottom of prices. However, the end-user sector is currently in a high-temperature off-season, with mediocre orders and consumption performance. Downstream users mainly made just-in-time procurements, and improvement in spot transactions was limited, as the demand side still e

Aluminum futures prices rose for several consecutive days, while buying sentiment in the central China market remained sluggish. Downstream processing enterprises, constrained by factors such as insufficient off-season orders and high in-factory inventory, compounded by elevated aluminum prices, kept their buying sentiment at low levels, with a further declining trend. As aluminum prices climbed and premiums eased somewhat, suppliers' willingness to sell recovered slightly. Ultimately, the actual transaction price range in the central China market was centered around a discount of 100-140 yuan/mt against the SHFE aluminum August contract.