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 metals market.

[SMM Spot Aluminum Lunch Review: Supply Adjustment Leads to Slight Stabilization in Central China Market, Sluggish Overall Trading in East China] On the inventory side, according to SMM's domestic aluminum ingot inventory data, domestic electrolytic aluminum ingot inventory stood at 474,000 mt on July 3, with an inventory buildup of 6,000 mt compared to the previous trading day. In the short term, despite the low aluminum ingot inventory, the increase in casting ingot production has supplemented market supply. Additionally, there is a strong fear of high prices in the spot market, coupled with poor downstream demand and significant production cuts, resulting in low purchase willingness. Transactions are occurring at a discount, and it is expected that spot premiums will narrow in the short term.

On June 5, 2025, the Aluminum Forum of Indonesia Critical Minerals Conference & Expo 2025, hosted by SMM Information & Technology Co., Ltd., with the Indonesian Ministry of Foreign Affairs as the government supporter, and co-organized by the Indonesia Nickel Miners Association (APNI), Jakarta Futures Exchange, and Sxcoal, successfully concluded in Jakarta, Indonesia! 

[SMM Aluminum Morning Meeting Summary: Inventory Buildup of Aluminum Ingot, Aluminum Price in Doldrums] Overall, macro side, domestic favorable policies continue to intensify, promoting the direction of consumption unchanged; overseas macro factors are intertwined with both bullish and bearish signals, and risks still exist. On the fundamental side, the casting ingot volume of some aluminum smelters in certain regions has increased. Coupled with the off-season in downstream sectors and fear of high prices, market transactions are far from ideal. The inventory of aluminum ingot has seen a slight buildup, and spot premiums/discounts have weakened significantly. It is expected that aluminum prices will remain in the doldrums in the short term. Attention should be paid to the casting ingot volume and inventory changes in the future.

[SMM Morning Comment on Cast Aluminum Alloy: Tightened Aluminum Scrap Circulation and Weakened Demand Lead to ADC12 Prices Holding Steady for Observation] Aluminum prices rose slightly on Wednesday, but the secondary aluminum market struggled to catch up, with quotes generally holding steady. The SMM ADC12 price range remained stable at 20,000-20,200 yuan/mt. Currently, the circulation of aluminum scrap is tightening, increasing the difficulty for enterprises to procure raw materials. The off-season effect on the demand side is prominent, with some downstream enterprises beginning to reduce production due to high temperatures or declining orders, resulting in sluggish market transactions.