[SMM Analysis: Aluminum Rod Enterprise Operating Rates Rise Slightly Month-on-Month in September, with Relatively Loose Supply and Downward Pressure on Processing Fees] According to SMM's statistical data on samples of aluminum rod manufacturers nationwide, as of September 2024, China's aluminum rod industry has a built capacity of 7.488 million tons, with a total output of 378,000 tons nationwide in September. After excluding the interference of monthly days, compared with August, the operating rate of aluminum rod manufacturers increased slightly by 1% month-on-month, reaching 61.5%, and the aluminum rod output increased by 1.6% month-on-month. Due to the impact of safety accidents in aluminum processing enterprises in Shanxi and the production restrictions caused by heavy pollution weather in Henan, about 200,000 tons of operating capacity have been affected domestically. China's aluminum rod production capacity is generally stable, with potential new capacity additions in Xinjiang and Guizhou. It is preliminarily estimated that the annual new capacity will be 72,000 tons, but the actual implementation time remains to be confirmed...