[SMM Analysis: Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs Awaiting Peak Season Breakthrough] Entering August, ADC12 prices are expected to continue to consolidate at highs. Cost side, currently tight supply of aluminum scrap and high tax invoice compliance costs...

[Weekly Review on Aluminum Scrap and Secondary Aluminum: ADC12 Price Moves Sideways at High Levels as Cost Support Overlaps with Demand Constraints] This week, China’s aluminum scrap market prices were relatively stable, and the price difference between A00 aluminum and aluminum scrap widened again against the backdrop of aluminum scrap struggling to catch up. On the price side, driven by macro and capital sentiment, primary aluminum prices continued to rise. As of August 6, SMM A00 aluminum price closed at 23,800 yuan/mt, significantly up by 170 yuan/mt compared to last Thursday, while aluminum scrap raw material prices showed limited fluctuations overall.

[SMM Aluminum Alloy Express] SMM data showed that China’s social inventory of cast aluminum alloy ingots fell to 24,000 mt, marking ten consecutive weeks of destocking, with a cumulative decline of 38,900 mt. However, the pace of destocking slowed significantly this week, recording a mere WoW drop of 200 mt, as warehouse withdrawal momentum further weakened. The market remains in the high-temperature off-season, with end-use demand staying weak. Meanwhile, the continued strengthening of futures drove a widening of the futures premium, and spread traders have started to make purchases on dips.

[SMM Magnesium Express]Recently, Hefei Qixing Light Metal Technology Co., Ltd. invested a total of 453 million yuan in a project to produce 50,000 tons of lightweight magnesium alloy ingots annually, which has been established in Chaohu, Anhui. The project involves the construction of modern workshops and an intelligent smelting system, aiming to fill the local gap in high-end magnesium alloy materials and meet the stable supply demand for high-quality magnesium alloy raw materials required for large-scale integrated die-casting applications such as battery trays and electric drive housings in new energy vehicles. With the project's commencement, the local magnesium alloy industry chain's supporting capacity is expected to further strengthen.

[SMM Aluminum Express] The daily inventory of secondary aluminum alloy ingots in China’s major consumption areas stood at 7,485 mt today, down 105 mt from the previous trading day.

[SMM Aluminum Flash] China's daily inventory of secondary aluminum alloy ingot in major consumption areas was 7,590 mt today, down 30 mt from the previous trading day.

[Scrap Aluminum and Secondary Aluminum Weekly Review: Cost-Driven Price Strengthening, High-Temperature Holiday Drags Demand, ADC12 Gains Constrained] This week, ADC12 market prices first stabilized and then rose. SMM ADC12 prices held steady at 24,000 yuan/mt early in the week, were raised for two consecutive days mid-week driven by costs, and stood at 24,200 yuan/mt as of Thursday, up 200 yuan/mt from last Thursday. The cost side remained the core driver of this week's price increase.

[SMM Aluminum Alloy Flash] As of this week, China's social inventory of cast aluminum alloy ingots has decreased for nine consecutive weeks, now reported at 24,300 mt, down 1,600 mt WoW, with a cumulative decline of 38,700 mt. However, the pace of inventory decline has narrowed significantly compared to before, indicating that the momentum of warehouse withdrawals has weakened.

Gathering industry strengths, focusing on development opportunities in wrought magnesium alloy and its processing fields, we aim to build a platform for technical exchange and supply-demand alignment, driving the transformation of technological achievements and industrialization, empowering the manufacturing sector with wrought magnesium alloy materials to facilitate lightweighting and performance enhancement, and providing robust support for emerging industry development and the cultivation of new quality productive forces. ShangMei.com and Shanghai Metals Market (SMM) sincerely invite you to participate in the Shandong Aolang Intelligent Technology Co., Ltd. will make a grand appearance at this conference, inviting you to explore technical breakthroughs, deliberate collaborative industry pathways, and uncover new growth opportunities in magnesium alloy integration. Click on the to register now; we look forward to meeting you at the conference. Booth No.: A10 Shandong Aolang Intelligent Technology Co., Ltd. is located in Anqiu Economic Development Zone, Weifang, Shandong Province, covering an area of 75 mu, with a total floor area of 27,960 m², including two standardized production workshops (over 15,000 m²), an office building, a dormitory reception center, a research center, and other facilities. The company is a high-tech enterprise and a specialized, refined, distinctive, and innovative 'little giant' enterprise, with R&D institutions such as the Magnesium Alloy Intelligent Equipment Engineering Technology R&D Center and the Enterprise Technology Center. It closely collaborates with universities such as Yanshan University, Hebei University of Technology, and University of Science and Technology Beijing, focusing on the R&D and design of vertical-tank magnesium reduction furnaces, the fabrication and production of magnesium refining production line equipment, the R&D and production of intelligent manufacturing equipment for magnesium alloy ingots, semi-continuous equipment and production lines for magnesium alloy rods and slabs, and magnesium alloy semi-solid granulation equipment, as well as aluminum alloy rod and slab semi-continuous equipment, and R&D and production of equipment such as dosing furnaces for magnesium alloy die casting and aluminum alloy die casting. It can undertake the design, manufacturing, and commissioning of the above magnesium and magnesium alloy production lines. The company possesses a research laboratory and platform for rheological semi-solid forming of cast rods and die casting, and is jointly developing semi-solid extrusion and die casting equipment under the rheological mode. It holds 2 invention patents and over 30 utility model patents. Aluminum Alloy Slab and Continuous Casting-Rolling Production Line Magnesium Alloy Rod and Slab Semi-Continuous Production Line Magnesium Alloy Rheological Semi-Solid and Die Casting Magnesium Alloy Cutting Granulation Production Line Magnesium and Magnesium Alloy Ingot Production Line Vertical-Tank Reduction Furnace The company will further enhance the equipment R&D and manufacturing capabilities and level of Shandong Aolang Intelligent Technology, expand its equipment manufacturing scale, and meet the demand for specialized equipment in the magnesium and magnesium alloy processing industry. At the same time, Aolang Technology will leverage its own strengths to extend into the fields of high-purity primary magnesium smelting and intensive processing of magnesium alloy materials, develop the high-grade magnesium alloy market across the entire product line, gradually develop and open a magnesium alloy semi-solid die casting capacity of 1,500 mt, a semi-solid extrusion capacity of 2,000 mt, and a magnesium alloy deep processing capacity of 1,500 mt; it will gradually become a service provider and supplier of efficient solutions for magnesium and magnesium alloy intelligent equipment and high-strength, high-toughness magnesium alloy deep processing. Contact Zheng Guodong: 13911169710 Tel: 0536-8291699; 0536-8291966 SMM Conference Contact Zhou Boyu 13062794772

[SMM Aluminum Flash] Today, the daily inventory of secondary aluminum alloy ingots in mainstream consumption areas in China was 8,442 mt, down 169 mt from the previous trading day. Foshan destocked 136 mt, and Ningbo destocked 33 mt.