Latest Update in the SMM NdFeB Scrap Market

According to SMM data, the average tax-inclusive full cost of China's aluminum industry was 16,386 yuan/mt in April 2025, down 3.7% MoM and 0.9% YoY, primarily due to a significant pullback in alumina prices during the period. SMM data showed that the monthly average SMM Alumina Index was 2,954.95 yuan/mt during the period (March 26-April 25), down 10.62% MoM. The average spot price of SMM A00 aluminum was approximately 20,074 yuan/mt in April 2025 (March 26-April 25), with the domestic aluminum industry achieving an average profit of about 3,688 yuan/mt.

[SMM Analysis: Alumina Prices Pull Back Significantly, with Aluminum Costs Down 3.7% MoM in April] SMM reported on May 6: According to SMM data, the average tax-inclusive full cost of China's aluminum industry was 16,386 yuan/mt in April 2025, down 3.7% MoM and 0.9% YoY. The main reason was the significant pullback in alumina prices during the period. SMM data showed that the monthly average SMM Alumina Index was 2,954.95 yuan/mt during the period (March 26-April 25), down 10.62% MoM. The average spot price of SMM A00 aluminum was approximately 20,074 yuan/mt in April 2025 (March 26-April 25), with the average profit of China's aluminum industry at around 3,688 yuan/mt.

[SMM Analysis: Labour Day holiday Leads to Increase in Stainless Steel Social Inventory - How Will Inventory Be Reduced After the Holiday?] On May 6, 2025, the total stainless steel inventory in Wuxi and Foshan increased from 975,400 mt on April 30 to 998,200 mt, with a WoW increase of 2.34%. Specifically, the growth rate in Wuxi was 2.48%, while in Foshan it was 2.17%. Inventories across various series all increased to varying degrees.