Alumina Transaction: Traded at $315/MT FOB Western Australia for May Shipment

[SMM Update] According to SMM statistics, as of Thursday this week, the social inventory of cast aluminum alloy ingots in China's major consumption areas increased by 1,800 mt WoW to 49,300 mt, marking two consecutive weeks of inventory buildup.

[Strait Blockade Remains in Stalemate, LME Outperforms SHFE for Aluminum] Overall, the strait blockade continued. The supply gap outside China and the ongoing drawdown of LME inventory supported LME prices to hold up well, while China's aluminum ingot inventory remained at elevated levels. Attention should be paid to whether a turning point in domestic inventory can materialize smoothly.

[A Large Alumina Refinery in Shandong Adjusts Liquid Caustic Soda Purchase Price] According to SMM, starting from April 23, a large alumina refinery in Shandong adjusted the purchase price of 32% ion membrane liquid alkali, decreasing it by 20 yuan/liquid mt from the previous 625 yuan/liquid mt. The EX-Work price is set at 605 yuan/liquid mt，equivalent to approximately 1,891 yuan/mt(price adjusted on a 100% concentration basis).