An investor asked on the interactive platform: What is the commissioning status of the Anhui Phase II project and the subsequent commissioning plan? On April 1, Shunbo Alloy stated that the Anhui Phase II project planned an annual production project of 630,000 mt of low-carbon, environmentally friendly aluminum alloy slab ingots and an annual production project of 500,000 mt of green, recycled, high-performance aluminum plate/sheet and strip. According to the Prospectus, from 2026 to 2028, the sales volume of aluminum plate/sheet and strip is expected to reach 120,000 mt, 240,000 mt, and 400,000 mt, respectively. The specific situation is subject to the company’s subsequent relevant announcements.

In Q1 2026, China’s aluminum semis exports showed a pronounced pattern of product-category divergence amid the interplay of three factors: the long-term impact of the cancellation of export tax rebates in December 2024, the divergence in demand structures outside China, and the sudden outbreak of geopolitical conflict in the Strait of Hormuz.....

In March, China’s composite PMI for aluminum processing registered 65.6%, rebounding strongly above the 50 mark.

This week, the weekly operating rate of leading downstream aluminum processing enterprises in China rebounded 1.1 percentage points MoM to 64%.

[Weekly Operating Rates in the Aluminum Processing Industry: China's Aluminum Processing Sector Sees Modest Growth Amid Peak Season Demand] This week, the weekly operating rate of leading downstream aluminum processing enterprises in China edged up 1 percentage point WoW to 62.9%.

Among them, the Gulf region was an important consumer market for China in the Middle East: China’s exports of aluminum plate/sheet and strip to Saudi Arabia reached 42,500 mt, and aluminum foil 58,000 mt; exports of aluminum plate/sheet and strip to the UAE reached 103,500 mt, and aluminum foil 93,800 mt; the other four countries (Bahrain, Qatar, Kuwait, and Oman) accounted for combined exports of about 22,000 mt of aluminum plate/sheet and strip and about 11,000 mt of aluminum foil.

[SMM Aluminum Morning Meeting Summary: The SHFE/LME Price Ratio Continued to Weaken, and Aluminum Prices Were Expected to Fluctuate at Highs in the Short Term] Against the backdrop of continued tightening LME liquidity, LME aluminum still had upward momentum, with strong support from overseas prices, and the backwardation structure was expected to persist in the short term. China was in a phase of high inventory + weak fundamentals, and its upward momentum was clearly weaker than that outside China. Amid diverging domestic and external drivers, the SHFE/LME price ratio was expected to continue weakening, and aluminum prices were expected to continue fluctuating at highs in the short term.

[SMM Weekly Survey of the Aluminum Downstream Sector: Downstream Aluminum Operating Rate Continued to Rebound to 61.9%, with High Prices Suppressing the Peak "Golden March" Season] This week, the weekly operating rate of leading downstream aluminum processing enterprises in China rose 2.4 percentage points MoM to 61.9%, overall extending the post-holiday recovery trend, with all segments rebounding MoM, and the industry as a whole entering a normal production pace.

[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]Aluminum Prices Strengthened This Week, Rising Costs Drove Up ADC12 Prices

[SMM Flash News] Aluminum Fundamentals This Week SMM, March 12: Fundamentals: Downstream producers gradually resumed operations after the holiday, and demand for liquid aluminum continued to recover. As of this Thursday, the weekly proportion of liquid aluminum rebounded by about 1.2 percentage points WoW, end-use demand steadily repaired, and downstream operating rates increased further. Driven by the PV installation rush, operating performance remained strong; construction recovered slowly after the holiday, and extrusion operating rates rose WoW; boosted by auto and packaging orders, aluminum plate/sheet, strip and foil operating rates also rebounded this week.