SHFE Aluminum Surges as Market Gets Sensationalized by Off-Peak Production Program in Hebei, SMM Reports 

[SMM Aluminio Flash] El 28 de julio, las estadísticas de SMM mostraron que el inventario diario de lingotes secundarios de aluminio en las principales regiones de consumo de China fue de 8.612 tm, lo que supone un descenso de 206 tm respecto al día de negociación anterior, impulsado principalmente por el desestocaje en Foshan.

[Aluminum Ingot Destocking Continues to Cement Bottom Support; Rate Hike Expectations and Off-Season Demand Constrain Rebound Room] Overall assessment: recently, macro front sentiment has improved slightly. The persistent Middle East geopolitical risk premium and China's continued destocking of aluminum ingots have jointly underpinned the aluminum price movement. However, the ongoing deployment of future aluminum capacity outside China, weak traditional end-use demand in China, and recurring uncertainties from the macro perspective have imposed significant pressure on the upside room for aluminum prices. In the short term, aluminum prices are expected to maintain a consolidation pattern.

[SMM Flash] Datos de la SHFE mostraron que el 27 de julio, el volumen total registrado de warrants de aleación de aluminio fundido fue de 17.368 t, 573 t menos que el día de negociación anterior. Por región: Shanghái (1.564 t, sin cambios), Guangdong (1.876 t, 91 t menos), Jiangsu (3.865 t, 91 t menos), Zhejiang (6.154 t, 362 t menos), Chongqing (3.124 t, 29 t menos) y Sichuan (785 t, sin cambios).