The CIF Korea P1020A and P0406A spot premiums are formed and published according to this methodology, serving as indicative prices that can be used by both trading parties as a reference for CIF Korea P1020A and P0406A spot trade settlement. These prices reflect the actual or potentially executable spot transaction price ranges for CIF Korea P1020A and P0406A spot export premiums at the time of publication for each full business day. They will be officially launched on May 9, 2025, and historical prices will be simultaneously available for viewing on the SMM official website (smm.cn).

SMM News on April 28: According to SMM statistics, the total outflows from warehouses of domestic aluminum ingots during the period from April 21 to April 27 were 67,000 mt, representing a MoM decrease of 1,900 mt.

[SMM Spot Aluminum Midday Review: Aluminum Market Dips in Early Trading, Spot Trades See Limited Improvement]

【Premiums and Discounts of Aluminum Ingots by Region】The premiums and discounts of aluminum ingots by region on April 28, 2025, are as follows:

SMM News on April 28: According to SMM statistics, the total outflows from warehouses of domestic aluminum ingots during the period from April 21 to April 27 were 138,800 mt, representing a MoM decrease of 3,300 mt.

On Thursday, April 24, 2025, US President Donald Trump signaled a possible easing of trade tensions with China, boosting market sentiment. As a result, aluminium price has grown in India by 1.32 per cent to INR 234.5 (USD 2.75).

For the past two decades, China has dominated the global aluminium landscape with unparalleled force.

The global alumina market has endured a dramatic roller‑coaster in early 2025, witnessing a severe price slump in the first quarter and a raft of fresh supply hitting the market in the recent weeks.

April 28 News: According to SMM statistics, as of April 28, the inventory of aluminum ingots at major domestic consumption hubs stood at 643,000 mt, a decrease of 15,000 mt from last Thursday and a decline of 30,000 mt WoW from last Monday.