SMM Aluminum Spot Report: Inventory Decline, Near-Month Spread Widens, Premiums Narrow in Key Regions

Publicado: Aug 14, 2024 13:20
【SMM Aluminum Spot Afternoon Commentary: Shanghai Aluminum Near-Month Contract Spread Widens Slightly; Today, Spot Premiums Narrowed in Henan and Shanghai】August 14, SMM news: According to SMM data, the domestic aluminum ingot social inventory decreased by 1,000 tonnes to 828,000 tonnes on Monday compared to last Thursday, with Wuxi and Foshan regions still maintaining an accumulation state, leading to abundant market spot circulation. Meanwhile, the inventory pressure in Gongyi area has slightly eased. Judging from the weekly ex-warehouse data, aluminum prices experienced weak fluctuations last week, and aluminum ingot ex-warehouse volumes improved slightly. In the short term, as the delivery date approaches and with a large spread between contracts, spot premiums for the current month are expected to narrow...

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【SMM Aluminum Spot Afternoon Commentary: Shanghai Aluminum Near-Month - Shanghai Metals Market (SMM)