【Daily Commentary on ADC12 Prices: Weak Demand Persists, Secondary Aluminum Prices Continue to Fall】Today, the SMM A00 aluminum price fell by another 240 yuan/mt from the previous trading day to 19,610 yuan/mt, while the domestic SMM ADC12 price decreased by 100 yuan/mt to the range of 20,200-20,400 yuan/mt.

[SMM Midday Review of Spot Aluminum: Aluminum Futures and Spot Prices Retreat Sharply, Stimulating Downstream Procurement Sentiment] Inventory side, according to SMM's domestic aluminum ingot inventory data from three locations, the total inventory of aluminum ingots in China on May 7 was 513,000 mt, with an inventory buildup of 200 mt compared to the previous day. In the short term, inventory is building up post-holiday, and with the transition from the off-season to the peak season, downstream demand is expected to weaken, and bearish sentiment is rising again. It is anticipated that the pace of inventory de-stocking will slow down or inventory buildup will continue, with spot discounts being the main form of transactions. Aluminum prices are expected to encounter resistance on the upside.