[SMM Midday Review of Spot Aluminum: Decline in Aluminum Prices Stimulates Downstream Purchasing Sentiment, with Better Trading Activity in the Market Today] Inventory side, according to SMM's domestic aluminum ingot inventory data, domestic aluminum ingot inventory stood at 620,000 mt on May 8, a decrease of 16,000 mt from the previous day. In the short term, the post-holiday correction in aluminum prices has stimulated spot transactions, narrowing spot discounts. However, attention should still be paid to the impact of the weakening orders on hand at enterprises due to the shift between peak and off-peak seasons in the downstream sector.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 7 May, 2025