China Primary Aluminium Net Imports Stood at 2,842 mt in Apr, down 98.2% YoY

Across China, Guangdong Province has the largest number of metal packaging enterprises, with a total of 575 enterprises, accounting for 16.52 of the national total. An examination of the intra-provincial distribution shows that metal packaging enterprises exhibit a pronounced pattern of regional clustering, with significant disparities among different prefecture-level cities. This indirectly reflects differences across regions within Guangdong in terms of industrial foundations, manufacturing scale, and the level of consumer market development.

The China Automobile Dealers Association released the latest “Automobile Consumption Index”: in February 2026, the Automobile Consumption Index reached 72.9, showing a clear upward trend compared with the previous month. Sales in March are expected to increase significantly compared with February, as the market enters a post–Chinese New Year phase of recovery and rebound.

US President Trump has formally nominated Kevin Warsh to serve as the next Fed Chairman. Once approved by the Senate, Warsh will replace incumbent Chairman Powell and begin a four-year term. Next, the nomination will proceed to hearings before the Senate Banking Committee; however, because Powell is under criminal investigation, Republican Senator Tillis may block the nomination from moving to the review process.