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Mysteel

WEEKLY: China alumina slides toward ¥2,600-2,750/t range as capacity use dips to 79.77%, stocks hit 6.4Mt
Alumina
Last week, domestic spot alumina prices moved steadily with a weak bias, and market trading sentiment was muted. As of July 24, the weighted national average spot price for smelter-grade alumina with a minimum purity of 98.6 per cent stood at RMB 2,744 per tonne, dropped RMB 6 per tonne from a week earlier, according to Mysteel's price assessment. On the supply side, China's domestic alumina operating capacity stands at approximately 95.9 million tonnes per year. Recently, an alumina refinery ...
China aluminium bar processing fees slump nearly 20 per cent as downstream orders dry up
Downstream
Recently, China's aluminium bar sector has been challenged by the off-season impact coupled with high temperatures, leading to shrinking orders and declining operating rates at downstream enterprises. The industry's overall operation has shown a slow, sluggish pace, which in turn has directly caused the bar market to struggle. In June, stimulated by both falling aluminium prices and supply contraction, the traders were increasingly firm to the offers, with daily quotations continuously climbi ...

Primary AL
According to data from the General Administration of Customs of the People's Republic of China (GACC), China imported approximately 55,100 tonnes of unwrought aluminium alloys in June 2026, representing a year-on-year decrease of 22,300 tonnes (down 28.81 per cent) and a month-on-month decrease of 9,400 tonnes (down 14.57 per cent). The cumulative import volume for 2026 reached approximately 433,600 tonnes, a year-on-year decline of 20.04 per cent. In terms of source countries, the top four s ...
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