Futures: The most-traded AD2511 contract for cast aluminium alloy opened at RMB 20,090 per tonne, with the lowest point at RMB 20,075 per tonne and the highest point also at RMB 20,075 per tonne. It finally closed at RMB 20,090 per tonne, up RMB 15 per tonne or 0.07 per cent from the previous close. Trading volume was 420 lots, and open interest was 7,933 lots, mainly due to increased long positions.
_0_0.jpg)
Image for representational purposes only
Spot-futures price spread daily report: According to SMM data, on August 20, the theoretical premium of SMM ADC12 spot price over the closing price of the most-traded AD2511 futures contract at 10:15 am expanded to RMB 340 per tonne.
Industry updates: (1) Aluminium Scrap Imports: According to the latest customs data, domestic aluminium scrap imports in July 2025 were approximately 160,500 tonnes, up 18.4 per cent Y-o-Y. In terms of import sources, the main countries and regions for aluminium scrap imports in July 2025 were Thailand, the UK, Japan, and the US, among which Thailand accounted for 25.5 per cent of total imports.
(2) Unwrought aluminium alloy imports and exports: Customs data showed that unwrought aluminium alloy imports in July 2025 were 69,200 tonnes, down 28.4 per cent YoY and 10.6 per cent MoM. Cumulative imports from January to July 2025 were 611,500 tonnes, down 13.9 per cent YoY. Unwrought aluminium alloy exports in July 2025 were 24,900 tonnes, up 38.3 per cent Y-o-Y but down 3.3 per cent MoM. Cumulative exports from January to July 2025 were 145,200 tonnes, up 7.8 per cent YoY.
Aluminium scrap: On Wednesday, the spot price of primary aluminium decreased by RMB 70 per tonne compared to the previous trading day. SMM A00 spot closed at RMB 20,520 per tonne, and the overall aluminium scrap market prices declined. Baled UBC prices fell RMB 50 per tonne M-o-M, while shredded aluminium tense scrap (priced based on aluminium content) and wheel hub prices remained unchanged. In Anhui, the prices of raw aluminium series collectively rose 100 per tonne, and the difficulty in purchasing aluminium scrap continued to increase.
In terms of the price difference between A00 aluminium and aluminium scrap, the Foshan mixed aluminium extrusion scrap free of paint narrowed by RMB 70 per tonne to RMB 1,742 per tonne, and the Shanghai mechanical casting aluminium scrap spread narrowed slightly by RMB 16 per tonne to RMB 1,998 per tonne. It is expected that the aluminium scrap market prices will fluctuate at highs this week.
Silicon metal: On August 20, the silicon metal market prices declined. The main continuous futures contract opened low and closed lower, opening at RMB 8,500 per tonne, with a high of RMB 8,510 per tonne and a low of RMB 8,180 per tonne, closing at RMB 8,390 per tonne, down RMB 250 per tonne from the previous day. The spot market followed the decline, with downstream alloy plants purchasing #553 silicon at around RMB 8,900-9,000 per tonne.
Overseas market: Currently, overseas ADC12 quotes have risen to the range of USD 2,470-2,500 per tonne, while domestic import spot prices remain stable at around RMB 19,700 per tonne, with immediate import losses widening again; Thai local ADC12 tax-excluded quotes are concentrated at 82-84 baht/kg.
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
Responses
