- Domestic aluminum wire exports have declined for two consecutive months MoM. Will overseas demand for aluminum wire show a trend of moving downwards after a higher opening this year? [SMM Analysis]
According to customs data, in June 2024, aluminum wire and cable exports were 12,800 mt, marking a decline for two consecutive months, down 23% MoM and 31% YoY.
Jul 24, 2024 09:58 - Aluminium rod processing fees increased by 100-150 yuan/mt, and downstream sentiment showed a significant improvement [SMM Analysis]
On July 19, 2024, the average ex-factory processing fee for 1A60 ordinary aluminium rods in Shandong was 450 yuan/mt, up 50 yuan/mt from a week ago.
Jul 22, 2024 16:31 - The conversion margin for aluminium rods in June showed a rebound from the previous weakness, but the downward trend in aluminium rod production continued.
According to the survey statistics of the SMM analysis team on sample data from aluminium rod producers nationwide, as of July 2024, China's aluminium rod industry had an existing capacity of 7.488 million mt, with the overall operating capacity showing a stable trend.
Jul 18, 2024 17:34 - The aluminium rod market revived, and processing fees have shown signs of recovery [SMM Analysis]
Last week, the operating rate of leading domestic aluminum wire producers increased by 0.6% to 67.2%.
Jul 2, 2024 11:33 - Aluminum rod market failed to return to the peak season in March due to new production capacity and output cuts
In March 2024, the existing domestic aluminium rod capacity was 7.412 million mt.
Apr 18, 2024 11:36 - Import and export data in aluminium industry chain in 2023
Primary aluminium: According to customs data, China's primary aluminium net imports stood at 160,000 mt in December 2023, down 7% MoM but up 26.3% YoY.
Jan 29, 2024 17:13 - Aluminium rod supply shifted to a surplus in December on production increase
According to the SMM analysis team, the aluminium rod supply was largely stable in December.
Jan 23, 2024 10:45 - SHFE aluminium to extend gains after being lifted by sharp inventory decline and dovish signal of US Fed
Fundamentals: China's aluminium smelter operations stable as of Dec 14.
Dec 18, 2023 10:11 - China's aluminium semis exports likely to recover in November and December
In September, China's total aluminium semis exports decreased by 0.8% month-on-month and 7.7% year-on-year to 436,000 mt.
Oct 30, 2023 16:50 - Aluminium rod supply increased in August, rod makers rushed to sell amid high aluminium price
On the supply side, in August 2023, according to research and statistics by the SMM analysis team on sample data from aluminium rod manufacturers nationwide, the total installed production capacity of aluminium rods in China in August 2023 was 7.184 million mt.
Sep 19, 2023 14:08