Metro Mining Boosts Bauxite Output by 33% in April Despite Cyclone Narelle Disruptions

[SMM Aluminum Update] According to SMM statistics, as of this Thursday, the social inventory of secondary aluminum alloy ingots in China's major consumption regions stood at 57,200 mt, up 400 mt WoW, marking four consecutive weeks of inventory buildup. Under off-season conditions, demand remained sluggish. Slow warehouse withdrawals, coupled with an accelerating shift from producer inventory to social inventory, meant that inventory destocking pressure persisted.

[SMM Aluminum Alloy Daily Review] Today, the ADC12 aluminum alloy spot market fluctuated downward, with mainstream enterprises generally lowering quotes by 200-300 yuan/mt, and the market showed strong follow-the-decline sentiment. On one hand, futures pulled back sharply, exerting strong downward pressure on the spot market, prompting enterprises to actively lower their quotes; on the other hand, sustained weakness in downstream consumption further undermined market confidence. In the short term, ADC12 prices still face certain downward pressure, and the market continues to remain in the doldrums.