According to an SMM survey, as the traditional off-season deepens, the order volume for aluminium plate/sheet, strip and foil producers continues to decline, and the industry's operating rate is gradually decreasing.

According to customs data, China imported 146,200 mt of aluminium scrap in September, down 9.72% YoY and 3.97% MoM, bringing total imports in the first nine months of 2023 up to 1.268 million mt, up 13.95% YoY.

In terms of fundamentals, most domestic aluminium smelters kept operating rate stable during the National Day holiday.

SHANGHAI, May 22 (SMM) - Aluminium production in Guizhou province increased slightly.

The average operating rate of domestic aluminium plate/sheet, strip and foil producers stood at 67.69% in April, down 1.68 percentage points MoM, according to SMM survey.

SHANGHAI, May 4 (SMM) – Aluminium plate/sheet, strip and foil: Most companies said that end-users were closed for the holiday and their stocking volume fell precipitously compared with previous years.

The average operating rate across aluminium plate/sheet, strip and foil producers stood at 65.37% in February.

SHANGHAI, Mar 13 (SMM) - On the macro front, the US dollar index hit a three-month high after US Federal Reserve Chairman Powell warned that the pace of interest rate hikes may be accelerated.