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  Notice: Suspension of News Updates During Labour Day Holiday

  Dear Visitors, Please be informed that our English website will suspend news updates during the upcoming Labour Day holiday. This suspension will be in effect from May 1 to May 5.

• Off-season Consumption Approaches, High Overseas Copper Scrap Prices May Lead to Larger-than-Expected Decline in Imports in May and June [[SMM Daily Review of Secondary Copper]]

• CCIE Copper Industry Field Trip to Jiangxi: Seventh Stop - Jiangxi JCC East China Electric New Material Technology Co., Ltd.

  In response to the requests of many companies in the copper industry chain and to enhance communication between upstream and downstream enterprises, SMM Information & Technology Co., Ltd. (SMM) has meticulously organized a copper industry field trip to Jiangxi from April 24 to 26.

• Aluminum Inventory: Pre-Holiday Stockpiling Accelerates Destocking, Post-Holiday Inventory Buildup Risk Still Requires Vigilance [SMM Analysis]

  Driven mainly by pre-holiday restocking demand, and with the slower pace of arrivals since the second half of April, coupled with the temporary end of disruptions from imported supplies, the destocking of domestic aluminum ingot inventory accelerated again by the end of April, approaching the 600,000 mt mark, providing a certain degree of upward support for aluminum prices before the holiday. According to SMM statistics, as of April 30, the inventory of aluminum ingots at major domestic consumption hubs stood at 614,000 mt, down 29,000 mt from Monday this week, with a destocking of 44,000 mt WoW from Thursday, and a decrease of 177,000 mt YoY, remaining at a relatively low level compared to the same period in the past three years. In terms of outflows from warehouses...

• Stockpiling Before the Holiday Accelerated Destocking, While the Risk of Inventory Buildup After the Holiday Still Requires Vigilance [SMM Analysis]

  Driven mainly by restocking demand ahead of the holiday, along with a slower pace of arrivals since the second half of April and a temporary end to disruptions from imported supplies, the destocking of domestic aluminum ingot inventory accelerated again by month-end April, approaching the 600,000 mt mark, providing a certain degree of upward support for aluminum prices ahead of the holiday. According to SMM statistics, as of April 30, the inventory of aluminum ingots in major domestic consumption areas stood at 614,000 mt, down 29,000 mt from Monday this week, with destocking of 44,000 mt WoW from Thursday last week, and a decrease of 177,000 mt YoY, remaining at a low level compared to the same period in the past three years. In terms of outflows from warehouses...