SHFE Cast Aluminum Alloy Warrants Up 904 MT to 32,203 MT on April 27

Data released by the NBS showed that in Q1 this year, profits of China's above-designated-size industrial enterprises grew 15.5% YoY, with the YoY growth rate up 0.3 percentage points from January-February. By industry, profits of the computer, communications, and other electronic equipment manufacturing industry surged 1.2 times YoY, while profits of the automobile manufacturing industry declined 17.7% YoY.

Alcoa is evaluating the restart of a fourth aluminum production line at its Warrick facility in Indiana, which would require about USD 100 million and take one to two years. The plant currently operates three lines, and restarting the fourth could add around 50,000 tones of capacity. The company said the line is in poor condition and would require replacement of key electrical equipment with long lead times. Electricity availability in both the short and long term will be a key factor in the decision. The project remains under evaluation, with progress depending on cost, energy and operational feasibility.

[SMM Aluminum Alloy Daily Review] The secondary aluminum alloy market saw broad declines today. SMM ADC12 prices fell 200 yuan/mt from the previous trading day to 23,900 yuan/mt. Demand side, weakness persisted, with downstream buyers showing limited willingness to stockpile ahead of the holiday, and trading activity remained subdued. Meanwhile, cost support weakened in tandem, adding further downward pressure on prices. In the short term, under the dual weakness in costs and demand, ADC12 prices are expected to remain in the doldrums, and market confidence has yet to recover.