Bauxite in Shanxi to Sustain Local Alumina Production for at Least 10 Years, SMM Survey

[SMM cast aluminum alloy morning comment: Price spread between A00 aluminum and aluminum scrap narrowed during the week, while the decline in social inventory of aluminum alloy widened] ADC12 market quotes generally weakened on Thursday, with the SMM ADC12 price falling by 200 yuan/mt from the previous day to 24,300 yuan/mt. The current weakness in aluminum prices has fueled bearish sentiment in the market, while downstream order improvements remain limited, leaving spot prices with insufficient upward momentum. However, relatively firm aluminum scrap prices, tight supply of compliant raw materials, coupled with continued destocking of social inventory and limited import replenishment, still provide some support to prices. Going forward, close attention should be paid to the trends in aluminum and aluminum scrap prices, changes in market sentiment, as well as improvements in downstream orders and procurement demand.

Экспорт меди из Индии более чем удвоился в апреле-августе; поставки алюминия выросли на 15,5%

[SMM еженедельный обзор downstream-сектора алюминия] Средний уровень загрузки ведущих китайских downstream-переработчиков алюминия на этой неделе составил 61,7%, что на 1,2 процентного пункта выше по сравнению с прошлой неделей, поскольку возобновление работы после праздников и накопленный портфель заказов повысили активность в большинстве секторов.