[SMM Aluminum Flash] China's inventory of secondary aluminum ingot in major consumption regions was 28,100 mt today, down by 640 mt from the previous day, still mainly driven by destocking in the Foshan area.

[SMM Stainless Steel Scrap Weekly Review] Scrap Edges Up on Raw Material Linkage, Off-Season Constraints Cap Gains This week, the price of 304 stainless steel scrap off-cuts in east China edged up, with a quotation range of 10,400-10,500 yuan/mt. In the Foshan area, off-cuts of the same specification moved higher in tandem, trading in a range of 10,300-10,600 yuan/mt. From a raw material cost analysis perspective, the current production cost of stainless steel using 100% stainless steel scrap is approximately 14,580.48 yuan/mt, while the cost using only high-grade NPI stands at 15,153.78 yuan/mt, maintaining a significant cost spread between the two. Stainless steel scrap prices edged up this week. During the week, SS futures retreated after a rapid rise overall, while spot stainless steel prices fluctuated narrowly and held firm overall, providing a stable foundation for the stainless steel scrap market. Meanwhile, the alternative raw material high-grade NPI market continued to hold up well, with prices edging higher. The positive overall sentiment in the raw material segment spurred stainless steel scrap prices to rise in tandem. However, the market has now entered the traditional consumption off-season for stainless steel, with weak downstream end-use demand. Coupled with production cuts and maintenance at domestic steel mills, raw material demand expectations have weakened somewhat. The industry-wide issue of tight tax invoices has yet to be effectively resolved, continuing to constrain market trading activity. At the same time, recent grade degradation issues in high-grade NPI require steel mills to supplement nickel content with high grade nickel products, and combined with limitations in their production processes, it remains difficult for steel mills to significantly increase their use of stainless steel scrap. Although stainless steel scrap retains a favorable cost advantage over high-grade NPI, multiple bearish off-season factors on...

[SMM Aluminum News Flash] Today China's secondary aluminum alloy ingot inventory in major consumption areas was 30,000 mt, down 356 mt from the previous day, mainly driven by destocking in the Foshan area.

[SMM Aluminum News Flash] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas was 30,400 mt, down 619 mt from the previous day, mainly driven by destocking in the Foshan area. Recently, increased production cuts and suspensions due to tight compliant raw material supply, combined with delivery demand boosting buying sentiment, pushed inventory lower.

[SMM Aluminum News Flash] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas decreased by 277 mt from the previous trading day to 30,900 mt, mainly driven by renewed destocking in the Foshan area.

As of April 24, the mainstream price in the south China market — SMM A00 aluminum (Foshan) was at a discount of 345 yuan/mt against the 2605 contract, while the mainstream price in the east China market — SMM A00 aluminum was at a discount of 130 yuan/mt against the 2605 contract. The price spread between the two regions had exceeded 200 yuan/mt, covering sea freight, short-haul transfer, and logistics costs, officially opening up the transshipment window between Guangdong and Shanghai...