SHFE Aluminum Prices Plunge; Central China Market Sees Increased Buying Sentiment and Firm Quotations

According to data from China Auto Data Research, in July 2026, China's wholesale sales of passenger NEVs reached 1.47 million units, up 23% YoY and edging down 1% MoM. Against the backdrop of an overall auto market under pressure and contracting, new energy vehicles have become the core growth highlight of China's passenger vehicle market.

According to the Passenger NEV Producer Wholesale Sales Brief Report for July 2026 released by the China Automobile Dealers Association, the estimated wholesale volume of passenger NEVs by domestic automakers reached 1.47 million units, down 1% MoM and up 23% YoY. The YoY growth rate hit the highest level among all months of 2026, signaling the initial signs of recovery in the domestic NEV sector.

Shenhuo Co., Ltd. said during a survey that its wholly-owned subsidiary Shenhuo New Materials' Phase III 50,000 mt/year battery aluminum foil project is advancing in an orderly manner, with the feasibility study report completed and project establishment work done; Yunnan New Materials' Phase II aluminum foil project is still in the evaluation stage. In response to intensified competition in the battery aluminum foil industry and processing fees being under pressure, the company is actively addressing the situation from multiple aspects: continuously optimizing processes to improve product quality and yield, increasing investment in technology R&D, deepening long-term strategic cooperation with China's leading power battery enterprises, while actively developing high-end market clients outside China.