[SMM Aluminum Spot Midday Review: Aluminum Semis Export Tax Rebate Cancelled, Aluminum Prices Plummeted Today, Spot Premiums Slightly Rebounded]
SMM, November 18th
According to the latest inventory data from SMM, as of this Monday, SMM statistics show that domestic aluminum ingot social inventory was 563,000 mt, down 2,000 mt compared to last Thursday. Inventory in Wuxi decreased significantly, down 10,000 mt to around 170,000 mt compared to last Thursday. In Gongyi, some rail shipments arrived over the weekend, increasing by about 12,000 mt compared to last Thursday.

![Alumina recua após rápida alta com consolidação de volume em queda; índice à vista interrompe queda e sobe levemente; padrão de oferta forte e demanda fraca permanece inalterado [Comentário matinal da SMM sobre alumina]](https://imgqn.smm.cn/usercenter/SBQYr20251217171651.jpg)
![Alumínio da SHFE continua em alta, spread de preços Guangdong-Xangai atrai significativamente transferências de carga [Análise de Meio-Dia do Alumínio Spot da SMM]](https://imgqn.smm.cn/usercenter/VTjoW20251217171653.jpg)
