August 21 spot price of SMM aluminum: A00 aluminum month-on-month down 60 yuan / ton

As of April 24, the mainstream price in the south China market — SMM A00 aluminum (Foshan) was at a discount of 345 yuan/mt against the 2605 contract, while the mainstream price in the east China market — SMM A00 aluminum was at a discount of 130 yuan/mt against the 2605 contract. The price spread between the two regions had exceeded 200 yuan/mt, covering sea freight, short-haul transfer, and logistics costs, officially opening up the transshipment window between Guangdong and Shanghai...

According to SMM data, as of April 24, social inventory of aluminum ingots in China's major consumption regions stood at 1.465 million mt, up 42,000 mt WoW, maintaining an inventory buildup trend for multiple consecutive weeks, with the pace of buildup widening again WoW. Weekly warehouse withdrawals rebounded slightly by 14,200 mt WoW to 115,200 mt, but the improvement in withdrawals fell short of the recent increase in arrivals, indicating clearly insufficient momentum for inventory drawdown..

On April 26, Hao Mei New Material announced that in order to improve its global layout, the company plans to invest in establishing a subsidiary in Morocco and building a new aluminum profile production base with its Hong Kong subsidiary Hao Mei Aluminum Products as the investment entity. The total investment of this project is not more than 510 million yuan, and the source of funds is self-owned and self-raised funds, mainly used for land purchase, factory construction and operating working capital. After the completion of the project, it is expected to form a production capacity of about 44,000 tons of aluminum profiles per year, covering the light weight of automobiles, building and industrial aluminum profiles. The matter has been deliberated and approved by the Sixth Meeting of the Fi