SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the non-ferrous metal market.

Details of the hot topics in the aluminum market this week (April 25-29, 2025) are as follows......

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Driven mainly by pre-holiday restocking demand, and with the slower pace of arrivals since the second half of April, coupled with the temporary end of disruptions from imported supplies, the destocking of domestic aluminum ingot inventory accelerated again by the end of April, approaching the 600,000 mt mark, providing a certain degree of upward support for aluminum prices before the holiday. According to SMM statistics, as of April 30, the inventory of aluminum ingots at major domestic consumption hubs stood at 614,000 mt, down 29,000 mt from Monday this week, with a destocking of 44,000 mt WoW from Thursday, and a decrease of 177,000 mt YoY, remaining at a relatively low level compared to the same period in the past three years. In terms of outflows from warehouses...

Driven mainly by restocking demand ahead of the holiday, along with a slower pace of arrivals since the second half of April and a temporary end to disruptions from imported supplies, the destocking of domestic aluminum ingot inventory accelerated again by month-end April, approaching the 600,000 mt mark, providing a certain degree of upward support for aluminum prices ahead of the holiday. According to SMM statistics, as of April 30, the inventory of aluminum ingots in major domestic consumption areas stood at 614,000 mt, down 29,000 mt from Monday this week, with destocking of 44,000 mt WoW from Thursday last week, and a decrease of 177,000 mt YoY, remaining at a low level compared to the same period in the past three years. In terms of outflows from warehouses...