SHFE Aluminum Futures Warrants Down Slightly, Up 1.69% Over Week and 7.83% Over Month

[SMM Aluminum News Flash] On April 30, LME aluminum inventory was recorded at 367,100 mt, down 1,150 mt from the previous day, a decrease of 0.31%; over the past week, LME aluminum inventory decreased by a cumulative 11,800 mt, a decrease of 3.11%; over the past month, LME aluminum inventory decreased by a cumulative 49,700 mt, a decrease of 11.93%.

Hydro has supplied recycled aluminum to the Mercedes-Benz Trucks reECONIC project, delivering 31 extruded parts totaling about 600 kg. The components are made from Hydro CIRCAL, containing at least 75% post-consumer scrap, and produced entirely in Europe. Based on the electric eEconic vehicle, the project applies circular design across sourcing, manufacturing and end-of-life recycling to reduce emissions and improve resource efficiency. The company noted that aluminum can be repeatedly recycled without loss of properties, supporting low-carbon mobility.

[SMM Aluminum News Brief] The fundamentals of the prebaked anode raw material market were under short-term pressure, and cost support for prebaked anode prices loosened somewhat but remained relatively firm. Cost support for prebaked anodes was solid during the April cycle, and SMM learned that prebaked anode prices continued their upward trend in May. Going forward, close attention should be paid to changes in the supply-demand pattern and price trends of prebaked anodes and upstream raw materials.