Primary aluminium inventories shrink 23,000 mt on week

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2606 contract opened at 23,735 yuan/mt today, showing an overall pattern of opening higher followed by a unilateral decline. As of the midday session, the price fell 265 yuan from the previous trading day, down 1.12%. The spot ADC12 market remained stable for now. Affected by the narrow sideways movement in aluminum prices, the cost side lacked clear directional guidance, and enterprises generally showed little willingness to adjust prices. Meanwhile, downstream demand remained persistently weak with insufficient order follow-through, exerting some downward pressure on prices. Against the backdrop of weakness in both supply and demand, wait-and-see sentiment in the market intensified, with transactions mainly dr

Bahrain Aluminum Extrusion Company (Balexco) plans to convert into a public shareholding company and pursue a listing on the Bahrain Bourse, subject to feasibility studies. The company also approved a 5% capital increase through 4.65 million bonus shares, raising paid-up capital to BD 9.773 million. For FY2025, it approved profit distribution of BD 1.166 million, including a 5% cash dividend and equal bonus shares. The company reported stable performance with sales growing for four consecutive years. The listing plan and capital measures aim to enhance competitiveness and support future growth.

[SMM Update] According to SMM statistics, as of Thursday this week, the social inventory of cast aluminum alloy ingots in China's major consumption areas increased by 1,800 mt WoW to 49,300 mt, marking two consecutive weeks of inventory buildup.