Comprehensive Research Report on China’s Aluminum Processing Industry (2027–2033) and Analysis of Future Development Trends

Table of Contents Chapter 1: Overview of China’s Aluminum Processing Industry 1.1 Definition and Product Classification of the Aluminum Processing Industry 1.1.1 Definition of the Aluminum Processing Industry 1.1.2 Product Classification in the Aluminum Processing Industry 1.2 Policy Environment Analysis of the Aluminum Processing Industry 1.2.1 Regulatory System of the Aluminum Processing Industry 1.2.2 Relevant Policies Governing the Aluminum Processing Industry 1.3 Technological Environment Analysis of the Aluminum Processing Industry 1.3.1 Analysis of Daily Patent Application Volume in the Industry 1.3.2 Analysis of Daily Patent Publication Volume in the Industry 1.3.3 Analysis of Patent Types in the Industry 1.3.4 Analysis of Patent Applicants in the Industry 1.3.5 Analysis of Emerging Key Technologies in the Industry 1.4 Economic Environment Analysis of the Aluminum Processing Industry 1.4.1 International Macroeconomic Environment Analysis (1) Current State of the International Macroeconomy (2) Forecasts for the International Macroeconomy 1.4.2 Domestic Macroeconomic Environment Analysis (1) Current State of the Domestic Macroeconomy (2) Forecasts for Domestic Economic Performance 1.4.3 Impact of the Macroeconomic Environment on the Industry Chapter 2: Current Status of the Global Aluminum Processing Industry 2.1 General Overview of the Global Aluminum Processing Industry 2.1.1 Analysis of Global Primary Aluminum Production 2.1.2 Analysis of Global Aluminum Product Output 2.1.3 Competitive Landscape Analysis of the Global Aluminum Processing Industry 2.2 Analysis of Major Global Aluminum Processing Enterprises 2.2.1 Alcoa Corporation (Canada) 2.2.2 Alcoa Inc. 2.2.3 Norsk Hydro ASA (Norway) 2.2.4 United Company RUSAL (Russia) 2.2.5 Arconic Inc. (USA) 2.3 Global Aluminum Processing Trends and Outlook 2.3.1 Market Development Trends Globally 2.3.2 Market Development Prospects Globally Chapter 3: Current Status of China’s Aluminum Processing Industry 3.1 General Overview of the Aluminum Processing Industry 3.1.1 Overall Output Analysis of Aluminum Products 3.1.2 Regional Distribution of Aluminum Product Output 3.1.3 Import/Export Volume Analysis of Aluminum Products 3.1.4 Apparent Demand Analysis for Aluminum Products 3.2 Operational Performance Analysis of the Aluminum Processing Industry 3.2.1 Operational Performance Analysis 3.2.2 Profitability Analysis 3.2.3 Operational Efficiency Analysis 3.2.4 Solvency Analysis 3.2.5 Growth Capacity Analysis 3.3 Import/Export Analysis of the Aluminum Processing Industry 3.3.1 Export Analysis (1) Overall Export Situation for Aluminum Products (2) Export Price Analysis for Aluminum Products 3.3.2 Import Analysis (1) Overall Import Situation for Aluminum Products (2) Import Price Analysis for Aluminum Products Chapter 4: Competitive Landscape Analysis of China’s Aluminum Processing Industry 4.1 Intensity of Competition Analysis 4.1.1 Competition Among Existing Firms 4.1.2 Threat Posed by Potential New Entrants 4.1.3 Threat Posed by Substitute Products 4.1.4 Bargaining Power of Suppliers 4.1.5 Bargaining Power of Customers 4.1.6 Summary Assessment of Competitive Intensity 4.2 Competitive Structure Analysis of the Aluminum Processing Industry

Will Shanghai Aluminum (SHFE Aluminum) Maintain a Relatively Strong Trend Amid Converging Bullish Catalysts?

GALAXY FUTURES Investment Analyst: Gao Bo Futures Practitioner Certificate No.: F03134879 Futures Investment Consulting Certificate No.: Z0022121 SHFE Aluminum: Hydro’s Production Cut Sparks Supply Concerns; Prices Rise Amid Converging Bullish Catalysts Last night, the biggest market catalyst came from Norsk Hydro—the company’s Alunorte alumina refinery in Brazil was forced to cut production capacity by 50% due to an interruption in natural gas supply. With a design annual capacity of 6.3 million tons, Alunorte is one of the world’s largest alumina production facilities. Hydro estimates that this outage may result in potential losses of USD 75–100 million for its bauxite and alumina operations in Q3. This sudden supply shock immediately ignited bullish sentiment across both domestic and international aluminum markets. LME aluminum prices surged intraday to USD 3,373/ton—the highest level in nearly seven weeks—and closed at USD 3,362.5/ton, up 1.36%, marking five consecutive daily gains. SHFE aluminum also strengthened overnight: the front-month contract AL2609 closed at CNY 24,320/ton, rising CNY 140 (+0.58%). Its intraday trading range was CNY 24,270–24,365/ton; open interest increased by 2,605 contracts to 242,000 contracts, with net inflows of CNY 217 million—clear evidence of active long-position accumulation. Among non-ferrous metals traded on SHFE, price movements were mixed: SHFE copper rose only 0.04%, while SHFE zinc dipped 0.08%. SHFE aluminum led base metals with its 0.58% gain—highlighting its pronounced strength. From a fundamental perspective, the aluminum market is currently experiencing a confluence of bullish drivers. Inventory levels provide the most direct support: LME aluminum inventories have fallen to approximately 255,000 tons—the lowest since the turn of the century. Moreover, inventory composition is severely imbalanced: Russian aluminum now accounts for 95% of available LME stocks. Since April 2024, when the UK and US banned newly produced Russian aluminum from LME delivery, most traders have actively avoided accepting Russian aluminum for delivery—raising concerns over potential overseas short squeezes. Domestically, as of August 10, social inventories of primary aluminum stood at 917,000 tons—a weekly decline of 16,000 tons. SHFE aluminum inventories fell by 13,000 tons week-on-week to 455,700 tons. Sustained drawdowns during the traditional off-season are noteworthy, driven by a rising molten aluminum ratio (aluminum water ratio) reaching 78.37%, which structurally constrains ingot output. Additionally, the narrow premium of primary aluminum over scrap aluminum continues to support substitution of primary aluminum for scrap, further reinforcing demand.

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