Latest Update in the SMM Aluminum Market

[Aluminum Scrap and Secondary Aluminum Weekly Review: Price Difference Between A00 Aluminum and Aluminum Scrap Continued to Narrow, Secondary Aluminum Varieties Showed Divergent Trends] This week, the aluminum scrap market first declined and then rebounded, further strengthening its resilience against price drops. As of November 12, SMM A00 aluminum price was reported at 23,110 yuan/mt, a pullback of 270 yuan/mt from 23,380 yuan/mt last Thursday. In terms of price difference between A00 aluminum and aluminum scrap, primary aluminum plunged mid-week...

[SMM Aluminum Price Weekly Review: Macro Front Weakens, LME Squeeze Heats Up]

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Nov , 2026

According to SMM statistics, as of November 12, aluminum billet inventory in major consuming regions in China stood at 117,500 mt, down 8,500 mt WoW from last Thursday and down 5,000 mt from this Monday. On a YoY basis, inventory was about 22,000 mt lower than the same period in 2025 and about 21,000 mt higher than the same period in 2024, with inventory having fallen below the level seen in the same period last year. In terms of warehouse withdrawals, aluminum billet withdrawals from November 2 to November 8 totaled 55,600 mt, up 3,200 mt WoW. By region, Foshan saw a decline of 10,000 mt, making it the main driver of destocking; Wuxi posted a slight decline, while Changzhou remained flat. Huzhou and Nanchang recorded slight inventory buildups, with a combined increase of 3,500 mt. The continued destocking this round was driven by both supply and demand factors. Demand side, a notable rebound in Wuxi withdrawals boosted cargo pick-up in east China, with overall warehouse withdrawals halting losses and rebounding. Supply side, arrivals in Foshan continued to decline, leading to significant inventory digestion, while phased increases in arrivals in Huzhou and Nanchang resulted in divergent regional inventory trends.

India’s ADC 12 prices softened amid Diwali-related shutdowns and subdued trade, while regional prices remained mixed and LME aluminium cash strengthened on tighter nearby supply despite macroeconomic headwinds.