Two Alumina Deals Concluded at $345.75/mt and $346.5/mt FOB Brazil for June Shipment

According to Qichacha information, Chongqing New Aluminum Era Intelligent Manufacturing Technology Co., Ltd. was officially established recently. Its business scope is extensive, covering industrial robot sales, special-purpose robot manufacturing, intelligent robot R&D, as well as artificial intelligence hardware sales and artificial intelligence application software development, among other fields. Qichacha's equity penetration analysis shows that the company is jointly held by enterprises including New Aluminum Era.

[Geopolitical Disruptions Combined with Elevated Inventory Highlight LME Outperforming SHFE in Aluminum Market] Overall, the core pattern of LME outperforming SHFE in the aluminum market is difficult to reverse in the short term. LME strength will support room for SHFE aluminum to catch up after the holiday, but high domestic inventory and weak demand will cap overall gains. Going forward, the focus will be on the pace of aluminum ingot destocking in China and the strength of rigid demand release from downstream resumption of work and production resumptions.

[SMM Cast Aluminum Alloy Morning Comment: Weak Post-Holiday Demand, Prices Expected to Move Sideways in the Short Term] Yesterday, the ADC12 market saw divergent price adjustments. Some enterprises attempted to slightly raise their quotes, driven by the recovery in futures, but overall upward momentum for increases remained insufficient, with most enterprises opting to hold prices steady and take a wait-and-see approach. Meanwhile, a few enterprises chose to lower prices due to weak post-holiday demand and pressure from previously high quotes. The post-holiday market remained in a tug-of-war between weak demand and cost support, with limited improvement in transactions. ADC12 prices are expected to maintain a fluctuating trend within a narrow range in the short term, with insufficient upward momentum.