Qing Ming Holiday Publishing Schedule

Trades in the mainstream aluminium billet markets were subdued before CNY. According to SMM survey, most of the small and medium-sized aluminium extrusion producers have closed for CNY, while the remaining showed little interest in stockpiling amid directionless aluminium prices.

Operating rates across major aluminium processors decreased 3.6 percentage points from a week ago to 71.8% last week. The decline was mainly due to less operations ahead of Chinese New Year and tightening of logistics.

Publishing schedule for CNY 2021

The resurgence of COVID-19 in Hebei and three provinces in north-east China forced factories in some regions to suspend production for a period of time in early 2021.