[SMM midday review] South China Aluminum: low prices drive downstream pick-up market transactions better than yesterday

As September draws to a close, "recovery" and "tug-of-war" stand out as the two defining keywords of China's aluminium billet market this month. On one side, supply-side disruptions intensified in stages and inventories shifted from consecutive builds to destocking—a marginal improvement, with outbound volumes rising for two consecutive weeks...

[SMM Analysis: "Double Festival" Approaches: Aluminum Billet Supply Disruptions Intensify in Phases; Processing Fees Return to a Tug-of-War After a V-Shaped Recovery] September is about to close. Looking back at China's aluminum billet market this month, "recovery" and "tug-of-war" are the two most striking key words. On one side, supply-side disruptions intensified in phases, and inventory shifted from continuous buildup to destocking, marking a marginal improvement. Driven by downstream stockpiling ahead of the holiday, warehouse withdrawals rebounded for two consecutive weeks during the month. On the other side, processing fees pulled back again after a V-shaped recovery, and the tug-of-war between sellers and buyers never stopped. Entering the "Double Festival" window, the supply-side disruption patterns throughout September and the supply variables around the National Day holiday have become the core threads for assessing the market outlook...

[SMM Еженедельный обзор downstream-сектора алюминия] На этой неделе операционная загрузка ведущих downstream-перерабатывающих предприятий алюминиевой отрасли Китая составила 62,1%, увеличившись на 0,2 процентного пункта по сравнению с прошлой неделей. В преддверии Праздника середины осени и Национального праздника КНР пополнение запасов перед праздниками шло в плановом порядке, а операционная загрузка во всех секторах в целом оставалась стабильной.