Chizhou City takes multiple measures to promote high-quality development of magnesium, aluminum and copper industries

[ADC12 Price Daily Review: Aluminum Alloy Futures Pull Back Under Pressure, Spot Market Caution Intensifies] Today, ADC12 market quotations were mainly stable, with slight pullbacks in some areas, and the market’s wait-and-see sentiment further intensified. Aluminum prices and cast aluminum alloy prices pulled back slightly today. Some enterprises did not rush to follow the decline, but instead waited for the market to become clearer, indicating that if futures continue to weaken, catch-up declines may occur later. Meanwhile, downstream orders have weakened since July, and insufficient transaction support has exerted some downward pressure on prices.

[SMM Aluminum Alloy Flash] This week, China's social inventory of secondary aluminum alloy ingots fell by 9,000 mt WoW to 35,300 mt, marking the sixth consecutive week of destocking. Constrained by tax invoices, the industry's operating rate remained low, with limited new warehouse inflows; meanwhile, favorable spot-futures price spreads prompted increased sales of spot and futures aluminum, further accelerating the destocking of social inventory.