Aluminum prices fell at the start of the week, spot premiums stop falling [SMM South China Spot Aluminum Daily Review]

On September 14, Jiaozuo Wanfang announced that the company's 10th Board of Directors had reviewed and approved the proposal to terminate the issuance of shares for asset acquisition and related-party transaction, and to withdraw the application documents. The transaction originally planned to acquire 99.4375% equity of Kaiman Aluminum (Sanmenxia) Co., Ltd. from 19 counterparties, constituting a major asset restructuring and related-party transaction. Given that the current market environment has changed significantly compared with the early planning stage, after prudent consideration, the company and the major counterparties unanimously decided to terminate the transaction. The company stated that terminating the transaction will not have a material adverse impact on its main business and financial condition, and promised not to plan any major asset restructuring matters for at least one month from the date of the announcement.

Recently, JISCO's 5083 high-corrosion-resistant aluminum alloy achieved batch delivery, successfully entering high-end markets such as ultra-high-pressure forged flanges, shipbuilding, and pressure vessels, with product qualification rates and performance stability continuing to lead the industry. The 5083 high-corrosion-resistant aluminum alloy combines outstanding properties such as high strength and high corrosion resistance, but its production process is extremely stringent and the technical barriers are very high. During mass production, quality issues such as severe surface segregation, uneven internal structure, and significant performance fluctuations are prone to occur. Facing these challenges, the technical team of JISCO Dongxing Jiaxin New Materials Company continued to tackle key problems, focusing on optimizing critical technologies such as AirSlip (oil-air lubrication) casting, effectively improving the surface finish and forming precision of casting ingots. The company has now achieved regular mass production of core specifications including 178 mm, 228 mm, 254 mm, and 381 mm, fully meeting the stringent material standards for high-end fields such as marine engineering equipment and ultra-high-pressure flanges.

[SMM Aluminum Alloy Daily Review] Futures: The most-traded AD2611 cast aluminum alloy futures contract opened at 23,255 yuan/mt today, hit bottom at 23,250 yuan/mt in early trading before rebounding, reached an intraday high of 23,350 yuan/mt before midday, and closed at 23,340 yuan/mt at noon, up 120 yuan from yesterday's settlement price, a gain of 0.52%. The price center continued to move higher throughout the day, with the close near the intraday high. Spot: The ADC12 market remained generally stable today. With no further drivers from costs or supply-demand dynamics, enterprises showed generally weak willingness to adjust prices, and the market was dominated by a wait-and-see stance and stable pricing.