[Daily Review of ADC12 Prices: Aluminum Prices Decline Further, Secondary Aluminum Prices Under Pressure in Tandem] Today, the SMM A00 aluminum price fell by 150 yuan/mt from the previous trading day to 20,200 yuan/mt, with the secondary aluminum market also under pressure in tandem. The domestic SMM ADC12 price dropped by 100 yuan/mt to the range of 20,200-20,400 yuan/mt.

[SMM Morning Aluminum Meeting Summary: Macro Uncertainties Remain, Low Inventory Supports Aluminum Price Range] Overall, the current low inventory provides support for aluminum prices. However, in the near term, there have been no unexpected macroeconomic positives to further drive aluminum prices higher, and the off-season pressure on the demand side limits upside room. In the short term, aluminum prices are expected to maintain a rangebound, fluctuating trend. Attention should be paid to the performance of domestic and overseas demand, the inventory trend at the end of May, and the supply disruptions of bauxite.

[SMM Analysis: Comparison of Aluminum Wheel Export Situation from March to April: Calm on the Surface, but Hidden Complexities?] Customs data shows that in April 2025, China exported a total of 81,400 mt of aluminum alloy wheel hubs, basically flat MoM compared to 82,000 mt in March, highlighting overall resilience, and with a significant YoY increase of 13%. The export performance of domestic aluminum wheels in April remained robust, with the better-than-expected performance attracting market attention. Since the US initiated a tariff war in early April, the aluminum wheel industry, which has accounted for over 30% of direct exports to the US in recent years, was expected to be "the first to bear the brunt," and the market's export expectations for the aluminum wheel industry were relatively pessimistic. However, the aluminum wheel export data for April appeared "calm," or even "serene," exceeding the expectations of most in the market...

[SMM Analysis: Comparison of Aluminum Wheel Export Situation from March to April: Calm on the Surface, but Hidden Complexities?]

According to customs data, China's aluminum extrusion (HS codes 76041010，76041090，76042100，76042910，76042990) exports reached 70,800 mt in April 2025, down 18.39% YoY and slightly down 1.47% MoM.