Price Snapshot - Week of October 19, 2026
| Indicator | Reading | Unit | vs. October 12 | Direction |
|---|---|---|---|---|
| Aluminium A00, East China spot | 23,890 | CNY / tonne | +130 / +0.55% | First firm print since holiday |
| Aluminium front-month futures | 23,895 | CNY / tonne | +285 / +1.21% | Futures catching spot |
| Aluminium ingot inventory, national | 632,000 | tonnes | −14,000 wk | First draw since holiday |
| Aluminium billet inventory, national | 178,500 | tonnes | −13,500 wk | Extrusion channel drawing |
| Copper front-month futures | 111,580 | CNY / tonne | +670 / +0.60% | Electronics & grid holding bid |
| Copper #1, Yangtze spot | 112,890 | CNY / tonne | +730 / +0.65% | Brass & PCB bidding |
| Tin front-month futures | 402,310 | CNY / tonne | +4,260 / +1.07% | Third consecutive weekly gain |
| Zinc front-month futures | 26,510 | CNY / tonne | +290 / +1.11% | Smelter discipline holding |
| Nickel front-month futures | 117,950 | CNY / tonne | −480 / −0.41% | Stainless restock cooling |
| Stainless front-month futures | 13,410 | CNY / tonne | −80 / −0.59% | 304 / 316L buying on-need |
| Hot-rolled coil, most-traded | 3,295 | CNY / tonne | +34 / +1.04% | Production discipline carrying |
| USD / CNY reference rate | 6.68 | CNY / USD | flat | Stable translation for USD quotes |
Sources: published spot assessments, SHFE front-month futures, national inventory surveys.
Aluminium Stopped Building - The Inventory Draw Just Started
The problem is binary. For the previous two weeks, the post-holiday story was simple - aluminium ingot and billet inventory kept adding, week after week. That build said the upstream was loose, processing fees were negotiable, and 6061-T6 stock for Q4 was the easiest line on the quote sheet. This week, both lines printed negative for the first time since the holiday: ingot down 14,000 tonnes, billet down 13,500 tonnes.
The cause is downstream restock finally arriving. Extrusion converters, automotive Tier-1s and battery-tray fabricators that held off through the holiday are now ordering material into a working supply chain. National aluminium processing-fee data (around ¥400/tonne for 90 mm billet in Wuxi) is still negotiable, but the margin of slack has narrowed in a single session. What it means for your quote is direct: the 6061-T6 plate and billet price quotes coming back this week are within 1–2% of the floor of the post-holiday range - and the range itself is no longer widening.
The cost consequence in dollar terms is small today and large on the timeline. A buyer locking 6061-T6 plate stock in the next ten trading days is paying roughly the same as two weeks ago. A buyer who waits until November is paying the next round of firming - typically 2–4% per 1% move in ingot, after processing-fee re-set. The window has not closed yet. It has started to close.

Three Reads From This Week That Should Reshape Your Q4 Procurement
Three things changed in the data between October 12 and October 19. Each one of them moves a line on a CNC quote.
Aluminium inventory reversed. Ingot and billet both drew on the same week, breaking a six-week build streak. The "loose upstream" story that defined the last two CNC price notes is no longer operative. Lock 6061-T6 and 7075-T6 stock inside ten trading days or pay the next 2–4% firming.
Copper is now a three-week trend, not a one-off. Copper +0.60% this week on top of +1.19% last week and a +0.99% gain the week before means every brass C360 and bronze C932 bare-stock line is repricing cumulatively. Re-quote brass and bronze work this week - the quote that comes back is 3–5% above the one you got in mid-September.
Steel has put in a higher low. HRC most-traded at ¥3,295/tonne is +1.04% on the week and +2.6% above the post-holiday trough. Carbon-steel 1018 and 1045 plate quotes that were negotiable three weeks ago are no longer the easy line. Lock Q4 carbon-steel plate volume by month-end or move to the firm side of the cycle.

Material Cost Benchmarks For CNC Buyers This Week
Cost lines as a machine shop actually bills, expressed as USD per kg of finished part material. Cycle-time multipliers are folded in: 6061-T6 takes 1.0× the cycle, 304 stainless 2.2×, Ti-6Al-4V 5–8×.
| Material | Form | USD / kg finished | Cycle-time factor | Direction this week |
|---|---|---|---|---|
| Aluminum 6061-T6 | Plate, bar, billet | 4.5–7.5 | 1.0× | Firming on first draw |
| Aluminum 7075-T6 | Plate, bar, billet | 12–19 | 1.3× | Tracking 6061 |
| Carbon steel 1018 | Plate, bar | 3.5–6.5 | 1.5× | HRC +1.04%, no longer easy |
| Carbon steel 1045 | Plate, bar | 3.5–6.5 | 1.5× | HRC +1.04%, no longer easy |
| Alloy steel 4140 | Round, hex | 4.5–7.5 | 1.7× | Pre-hard 28–32 HRC fast |
| Stainless steel 304 | Plate, bar, tube | 7–11 | 2.2× | Flat-to-soft, four-week low |
| Stainless steel 316 / 316L | Plate, bar, tube | 9–15 | 2.8× | Nickel-linked, soft |
| Stainless 17-4PH (H900) | Round, flat | 12–18 | 2.5× | Heat-treat premium 12–18% |
| Titanium Gr2 (CP-Ti) | Plate, bar, billet | 30–45 | 3.0× | Sponge soft, demand steady |
| Titanium Gr5 (Ti-6Al-4V) | Plate, bar, billet | 33–66 | 5–8× | Aerospace line firm |
| Copper C110 / C122 | Bar, plate | 15–18 | 1.4× | +0.65% Cu spot, +1.19% last week |
| Copper C101 / C102 (OFE) | Bar, sheet | 16–19 | 1.4× | +0.65% Cu spot |
| Brass C360 (free-machining) | Round, hex, bar | 11–14 | 0.9× | Three-week copper trend |
| Brass C464 (naval) | Plate, bar, tube | 12–15 | 1.0× | Three-week copper trend |
| Bronze C932 / C954 | Bar, plate | 13–17 | 1.3× | Cu + Sn both bid |
USD ranges reflect October 16 spot assessments and the prevailing weekly reference rate of approximately ¥6.68/USD. Cycle-time factor is the multiplier on aluminium 6061 baseline.
Machining Rate Benchmarks - China, Q4 2026
Rates are quoted inclusive of machine time, operator, and standard overhead. Material, setup, special tooling, finishing, inspection and certification are billed separately. Validity windows across the industry have shortened to 7–14 days on tight tolerances - lock quotes in writing.
| Process | China benchmark (USD / hr) | Tolerance band | Best-fit application |
|---|---|---|---|
| 3-axis CNC milling | 35–50 | ±0.05 mm | Brackets, housings, plates |
| 3+2 axis CNC milling | 45–65 | ±0.03 mm | Prismatic parts with angled features |
| 4-axis CNC milling | 50–75 | ±0.025 mm | Cylindrical parts, side features |
| 5-axis CNC milling | 60–90 | ±0.02 mm | Impellers, blisks, complex housings |
| CNC turning (lathe) | 30–45 | ±0.025 mm | Shaft, bushing, threaded parts |
| Swiss-type turning | 70–110 | ±0.01 mm | Small precision parts, long aspect ratio |
| Wire EDM | 35–55 | ±0.005 mm | Hardened alloy steel, intricate shapes |
| Sinker EDM | 45–70 | ±0.01 mm | Mold cavities, complex internal features |
| Surface grinding | 30–45 | ±0.005 mm flatness | Precision flat reference surfaces |
| Cylindrical grinding | 30–45 | ±0.005 mm roundness | Precision shafts, bearing seats |
Single-shift operation. Double-shift and dedicated-line rates can be 15–25% lower. Prototype (1–10 pc) rates carry a 30–60% setup premium over production (100+ pc) rates.
The Cost-to-Price Scissors - Where They Sit Today
The September manufacturing PMI snapshot is still the dominant macro signal for Q4 quotes. Raw-material input price sub-index at 60.8% and factory-gate ex-factory sub-index at 54.0% produced a 6.8-percentage-point gap - a 12-month high. October readings are not yet published, but the spot data through October 19 is consistent with the input side staying firm while the ex-factory side lags.
The practical read for a CNC buyer is that quotes with validity longer than 14 days on tight-tolerance work are getting harder to come by from shops with thin margins. Push for written validity on any quote above 80 USD/kg finished, and ask for an explicit clause on copper-weight reset for brass, bronze and copper parts.

Procurement Playbook - Week of October 19, 2026
Three moves that the data is pointing to, in priority order.
Lock aluminium-heavy RFQs now. 6061-T6 and 7075-T6 plate and billet stock is at the floor of the post-holiday range. The first draw on national inventory this week is the regime change. Close the quote inside ten trading days, lock the material spot, book a production slot for November or early December. Waiting past the first week of November costs 2–4% on the per-kg finished price.
Re-quote brass and bronze work. Copper has closed higher three weeks running. Tin added another 1% this week. Brass C360 and bronze C932 bare-stock that came back in mid-September is now 3–5% off-market. If your part can run on aluminium 6061 with a Type II anodize instead of brass with electroless nickel, the cost gap widens by roughly the same 3–5% - and the lead time shortens.
Treat carbon-steel plate like aluminium for procurement timing. HRC is +1.04% this week and the marginal cash margin at the mill has turned positive on three consecutive weekly surveys. The Q4 floor is forming. Lock November and December plate volume this week. Hold on 304 stainless - nickel softness has another 2–3 weeks to run.
What Would Change The View
Two signals to watch over the next two weeks.
If national aluminium ingot inventory draws another 10,000 tonnes or more next week, the aluminium cheap window has closed for Q4 and the recommendation shifts from "lock inside ten trading days" to "lock today". The current quote you have in hand is then the last cheap quote of 2026.
If HRC most-traded closes above ¥3,400/tonne, the steel-cost story has overtaken carbon-steel plate as the easiest line for negotiation. The procurement recommendation shifts from "lock this week" to "lock in tranches and accept the floor" - and the assumption that small private workshops will keep undercutting on plate becomes unreliable.
CNC Machining Capabilities And Material Range
The part categories and material scope we machine for Q4 production. Standard tolerance band is ±0.05 mm; tightest on request is ±0.005 mm. All processes are supported by EN 10204 3.1 material certification and full CMM dimensional reporting.
| Process | Material capability | Size envelope | Tolerance band | Surface finish | Certification |
|---|---|---|---|---|---|
| 3-axis milled parts | Al 6061 / 7075, carbon steel 1018 / 1045, alloy steel 4140, SS 304 / 316 / 17-4PH, Ti Gr2 / Gr5, copper, brass, bronze | Up to 1,200 × 800 × 500 mm | ±0.05 mm standard; ±0.01 mm on request | As-machined, bead-blast, anodize, plating | EN 10204 3.1; CMM report on request |
| 5-axis milled parts | Same material range | Up to Ø 800 × 500 mm | ±0.02 mm standard; ±0.005 mm on request | As-machined, polished, anodize, plating | EN 10204 3.1; CMM + dimensional report |
| CNC turned parts | Same material range plus free-machining brass C360 | Ø 3 to 300 mm; up to 1,000 mm length | ±0.025 mm standard; ±0.01 mm on request | As-turned, centerless ground, polished, plated | EN 10204 3.1 |
| Swiss-turned parts | Same material range; 17-4PH, 304, C360 preferred | Ø 1 to 32 mm; up to 350 mm length | ±0.01 mm standard; ±0.005 mm on request | As-machined, electropolished, passivated | EN 10204 3.1; medical-grade documentation |
| Grinding | Hardened alloy steel, 17-4PH | Surface: 600 × 250 mm; cylindrical: Ø 200 × 600 mm | ±0.005 mm flatness / roundness | Mirror, lapped | EN 10204 3.1; surface finish report |
| Wire EDM | Any conductive material in our range | Up to 400 × 300 × 250 mm | ±0.005 mm | As-cut, light bead, polished | EN 10204 3.1 |
| Surface treatment (subcontract) | All materials in our range | Up to 1,500 × 800 × 600 mm (anodizing) | Anodize Type II / III, passivation ASTM A967, EN Ni / Zn / Sn / Ag plating | Clear, black, custom colour; matte to bright | Mil-A-8625, ASTM A967, thickness report, salt-spray on request |
| Material range | Aluminum 6061 / 7075 · Carbon steel 1018 / 1045 · Alloy steel 4140 · Stainless 304 / 316 / 17-4PH · Titanium Gr2 / Gr5 · Copper (C110, C122, C101, C102) · Brass (C360, C464) · Bronze (C932, C954) | ||||
| Quality systems | ISO 9001:2015 · CMM inspection · First-article and in-process reports · PPAP on request · RoHS-compliant finishes | ||||
| Lead time | Prototype 5–7 working days · Production run 2–4 weeks · Rush service on request | ||||
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