Copper Drops From 14-Month High on Speculation Demand Will Slip

[SMM Aluminum Alloy Brief] The operating rate of secondary aluminum industry leaders fell 0.6 percentage points WoW to 56.4% this week. Operating rates showed mixed performance among enterprises during the week: the fading impact of the Labour Day holiday and capacity expansion by individual enterprises drove a partial rebound in operating rates, but production cuts were more widespread across the industry. Production cuts were mainly dragged by two factors: first, weakening demand. As the industry entered the off-season, orders from downstream die-casting enterprises remained sluggish, with procurement dominated by rigid demand and small batches. Second, policy tightening. The reverse invoicing policy was further tightened, making it more difficult to obtain invoiced raw materials, passiv

[SMM Alliage d'aluminium en bref] Ce jeudi, les stocks sociaux de lingots d'alliage d'aluminium secondaire dans les principales zones de consommation en Chine s'élevaient à 58 700 tonnes, en hausse de 1 400 tonnes en glissement hebdomadaire, marquant la cinquième semaine consécutive de reconstitution des stocks. L'effet de basse saison a continué de s'accentuer, avec une volonté d'achat insuffisante en aval, des expéditions sous pression et une tendance persistante à l'accumulation des stocks.