The operating rate of secondary aluminium alloy industry stood at 56.96% in March, up 22.93% MoM but down 2.24% YoY.
Customs data showed that China imported 24.4794 million mt of bauxite in January-February, up 4% YoY.
Market Review: Aluminum prices moved up in March on macro tailwinds and demand recovery
During Mar 12-Apr 10, the most-traded SHFE aluminum contract moved in a narrow range, hitting a monthly low and high at 19,105 yuan/mt and 20,450 yuan/mt respectively before closing at 20,505 yuan/mt as of Apr 10, up 1,305 yuan/mt or 6.8% on the month.
Mingdao Aluminum and Yinlun Shares forge strategic partnership for aluminium market expansion
Mingdao Aluminum Industry and Yinlun Shares have recently solidified their collaboration through a strategic cooperation agreement.
SMM Lead Market Morning Comment (Apr 18)
Overnight, LME lead opened at $2,150/mt, with its lowest and highest at $2,135/mt and $2,176/mt due to weak US dollar before closing at $2,168/mt, up 0.95%.