April 24 (SMM) - According to SMM statistics, the inventory of aluminum ingots in mainstream domestic consumption areas stood at 658,000 mt on April 24, down 15,000 mt from Monday this week and 31,000 mt WoW from last Thursday.

April 24th News: According to SMM statistics, the inventory of aluminum billets in major domestic consumption areas on April 24th was 177,800 mt, a decrease of 18,900 mt compared to Monday.

SMM Aluminum Morning Meeting Summary: Potential Easing of US-China Tariffs Stimulates Futures Rebound, but Aluminum Prices Face Limited Upside Amid Weakening Fundamentals. Macro-wise, the domestic macro-positive sentiment remains unchanged. Yesterday, Trump indicated a possible reduction in tariffs on China, improving market sentiment and stimulating a rebound in the futures market. Fundamentally, the reduction in domestic aluminum ingot inventory supports aluminum prices, but suppliers are actively offloading goods, leading to a pullback in spot premiums. In terms of aluminum consumption, the operating rate in the aluminum wire and cable sector is favorable, while other sectors show a slight decline. SMM has learned that as the transition between peak and off-peak seasons approaches and the PV installation rush nears its end, downstream aluminum orders are expected to decline, limiting the potential for a significant rise in aluminum prices. In the short term, domestic aluminum prices are expected to fluctuate within a narrow range.

SMM, April 23 - Customs data reveals China's aluminum profile exports (HS Codes: 76041010, 76041090, 76042100, 76042910, 76042990) totaled 71,835 metric tons during March 2025, marking a 81.31% month-on-month growth. The top 10 export destinations include...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 Apr, 2025

Premiums and Discounts for Aluminum Ingots by Region on April 23, 2025