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AL Circle Analysis: Regional output & trade reflect bauxite-alumina supply contrast in aluminium market
29 Aug 20267MINS
Alumina
If aluminium has a pressure point right now, it sits one step upstream of the metal itself - in alumina. China’s appetite for imported ore remains elevated, alumina markets diverge between regions, and disruptions in Guinea and Australia expose logistics risks. At the same time, tariffs and regional premiums are reshaping the economics of aluminium, making access to competitively priced alumina and metal increasingly dependent on geography, trade routes and policy. Bauxite supply: Sourcing, s ...
Cost support strengthens demand awaits recovery ADC12 price consolidates at highs
29 Aug 20264MINS
Recycled AL
Aluminium scrap: This week, the aluminium scrap market held up with a consolidation on a strong note. As of August 27, the SMM A00 spot aluminium price closed at RMB 23,920 per tonne, up RMB 320 per tonne from last Thursday. In terms of the price difference between A00 aluminium and aluminium scrap, on August 27, the price difference between A00 aluminium and mixed aluminium extrusion scrap free of paint in Foshan was about RMB 2,394 per tonne and the price difference between A00 aluminium an ...

29 Aug 20263MINS
Primary AL
Macro perspective The US-Iran situation saw a temporary easing, with market expectations for restored strait navigation rising. International oil prices pulled back for three consecutive days, and the geopolitical risk premium continued to fade. However, the outlook for US-Iran negotiations remains uncertain, and regional instability has not been completely eliminated. The Jackson Hole Symposium will be held from August 27 to 29, where Fed Chairman Warsh will deliver his first major policy s ...
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