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China alumina trade normalises after April's Middle East-driven surge, but sanctions reshape export map
24 Jun 20263MINS
Alumina
Based on data released by the General Administration of Customs of the People's Republic of China (GACC), China imported 438,500 tonnes of alumina in May 2026, marking a month-on-month decrease of 28.11 per cent but a staggering year-on-year surge of 549.63 per cent. Exports for the month stood at 283,300 tonnes, down 45.19 per cent from the previous month but up 36.33 per cent compared to the same period last year. Consequently, the net import volume reached 155,200 tonnes, representing a sh ...
Domestic and international aluminium prices weakened in tandem, geopolitical tensions eased, aluminium prices under pressure overall
24 Jun 20267MINS
Primary AL
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,425 per tonne, down 1.47 per cent. Prices traded below the MA5 (23,816.00), MA10 (23,952.00), MA30 (24,322.33), and MA60 (24,563.33) moving averages. The short- to medium-term moving averages were in a bearish alignment and pressing lower, with the overall structure notably in the doldrums and each of the moving averages above providing clear resistance. The MACD DIF (-229.8268) was below the DEA (-166.5078), with the MACD ...

23 Jun 20264MINS
Downstream
According to SMM statistics, as of June 18, days of inventories at domestic aluminium rod plants stood at 1.82 days, down 0.84 days from the same period last week (2.66 days on June 12); the inventory ratio fell from 9.28 per cent to 6.87 per cent, a decline of 2.41 percentage points, and inventory levels have dropped to an extremely low range for the year. During the same period, the comprehensive operating rate of leading aluminium rod enterprises recorded 83.40 per cent, up 1.3 percentage p ...
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