Domestic Ports See 840,000 MT Rise in Bauxite Inventory

[SMM Aluminum Alloy Daily Review] Today, ADC12 market offers remained generally stable. Currently, compliant aluminum scrap supply remained tight, and procurement costs stayed high, providing support for ADC12 prices; demand side, as the traditional off-season further deepens, some downstream enterprises were gradually entering their high-temperature holidays, and order reductions led to a further weakening of procurement enthusiasm. In the short term, the ADC12 market is expected to continue moving sideways within a narrow range, with a cautious and wait-and-see pattern.

[ADC12 Price Daily Review: Aluminum Alloy Futures Move Sideways, ADC12 Spot Supply and Demand in Stalemate] Today, ADC12 market quotations remained stable overall. Cost side, compliant aluminum scrap supply remained tight, procurement costs stayed high, supporting ADC12 prices; demand side, as the traditional off-season deepened further, some downstream enterprises successively entered high-temperature holidays, and order shrinkage led to procurement enthusiasm weakening further.

Today, trading sentiment in the central China market was mediocre. Monday happened to be the first day for cargoes with invoices dated next month. Downstream processing enterprises' buying sentiment was not high, with only a few enterprises maintaining rigid demand and making small purchases. Suppliers were not strongly willing to hold prices firm, and quotes showed a downward trend. Meanwhile, transactions for cargoes with invoices dated this month were relatively active, with traders short of such invoices trading a large volume of them. However, against the backdrop of an overall shortage of such invoices in the market, quotes stayed high. Finally, the actual transaction price range for cargoes with invoices dated next month in the central China market settled around a discount of 100-120 yuan/mt against the SHFE aluminum August contract.