December 19 SMM domestic scrap aluminum price market

[Strait Stalemate Unresolved on Eve of U.S.-Iran Talks; Hard Supply Damage Supports Aluminum Prices Fluctuating at Highs] Overall, the macro perspective of restricted strait passage and conflict escalation risks resonated with the fundamental hard supply damage and low global inventory, jointly providing strong bottom support for aluminum prices. However, weak interest rate cut expectations, higher-than-expected aluminum ingot inventory buildup in China, and adverse expectations on consumption and inflation from recent high oil price fluctuations all notably weighed on the upside room for aluminum prices. In the short term, aluminum prices exhibited a trend of fluctuating at highs.

[SMM Aluminum Price Weekly Review: Middle East Geopolitical Tensions Remain Uncertain, Aluminum Prices Expected to Fluctuate at Highs in the Short Term]

[SMM Update] SHFE data showed that on April 9, the total registered cast aluminum alloy warrants stood at 30,493 mt, a decrease of 569 mt from the previous trading day. By region, Shanghai registered 1,912 mt (unchanged), Guangdong 11,999 mt (down 359 mt), Jiangsu 3,511 mt (down 30 mt), Zhejiang 8,231 mt (down 180 mt), Chongqing 3,634 mt (unchanged), and Sichuan 1,206 mt (unchanged).