[SMM Aluminum Flash] China's secondary aluminum ingot inventory in major consumption areas was 28,700 mt today, down 638 mt from last Friday, with Foshan posting a 606 mt decline and contributing most of the drop.

[Geopolitical Risks and Accelerating Destocking Drive SHFE Aluminum Volatile Adjustment] The Middle East geopolitical situation remains volatile, market wait-and-see sentiment is expected to persist, the ex-China supply gap is expected to provide strong bottom support for aluminum prices, US Fed interest rate hikes remain uncertain, and rising energy cost expectations also form a bullish driver for aluminum prices; but high inventory pressure in China remains relatively prominent, which is expected to limit the upside room of domestic aluminum prices, with short-term domestic aluminum prices expected to mainly see volatile adjustment.

[SMM Cast Aluminum Alloy Morning Comment: Tug-of-War Between Longs and Shorts Intensifies, Aluminum Alloy to Remain Sideways in Short Term] In the short term, ADC12 prices have limited downside room, and upside breakouts also lack effective demand-side cooperation. The overall trend is expected to be generally stable with slight rise.