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SHFE aluminium rebounds on position reduction, extending recovery; Alumina falls on position increase, weakness unchanged
07 Jul 20263MINS
Primary AL
The SHFE aluminium 2608 contract opened at RMB 22,850 per tonne, reached a high of RMB 23,080 per tonne, dipped to a low of RMB 22,785 per tonne, and closed at RMB 22,940 per tonne, up RMB 105 per tonne or 0.46 per cent from the previous trading day. Trading volume was 146,200 lots and open interest was 246,000 lots, with a daily decline of 7,151 lots. Price settled above the MA5 (22,687) and MA10 (22,840.50), but remained below the MA20 (23,433.75), MA40 (23,982.50), and MA60 (24,287.67). Sh ...
Aluminium extrusions hit 37.05% capacity utilisation floor as demand slump triggers passive destocking, export blockages deepen glut
07 Jul 20267MINS
Downstream
Q2 2026 closed with the aluminium extrusion sector trapped in a classic supply-demand crunch. Capacity utilisation plunged to a cyclical low of 37.05 per cent, while equipment start-up rates stagnated at 55 per cent -57 per cent, exposing producers' proactive output cuts to avoid risk. Order backlogs shrank, compressing lead times from a peak of 10–15 days to just 8–10 days, as downstream buyers engaged in tentative inquiries amid aggressive price negotiations and a wait-and-see stance. The s ...

07 Jul 20264MINS
Downstream
India's manufacturing ambitions will remain unrealised unless its MSMEs are allowed to compete on a level playing field, said Mr Praveen Khandelwal, Member of Parliament and Secretary General, Confederation of All India Traders (CAIT), asserting that the downstream aluminium sector holds significant untapped potential for employment generation, export growth and domestic value addition. Mr Khandelwal said that policy must enable MSMEs to access industrial inputs at globally competitive prices ...
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