China aluminium market weekly report

Primary Aluminium News - Market

This week's hot topic: Production cuts or shutdowns in the aluminium processing industry during the Chinese New Year holiday; composite PMI falls below the 50 mark

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Forecast for next week: Fundamentals remain bearish, macro front lacks highlights; aluminium prices face resistance in the short term after the holiday

Aluminium: Post-holiday aluminium ingot inventory buildup meets expectations; spot market trading gradually recovers

Bauxite and Alumina: Spot Alumina Prices Continue to Decline; Bauxite Prices Drop Back Slightly

Aluminium billet and profiles: Profile manufacturers accelerate resumption of work; post-holiday aluminium billet inventory approaches last year's high

Secondary aluminium: The secondary aluminium market slowly recovers in the first week after the holiday; trading remains sluggish

Aluminium auxiliary materials: Cost surge hampers prebaked anode profitability; weak demand and lower costs lead to a bearish outlook for aluminium fluoride

Source: SMM

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