Aluminum Prices Fluctuate, Boosting Downstream Restocking; Henan Leads Premiums Amid Falling Inventories

Publicado: Sep 6, 2024 15:38
[SMM Aluminum Spot Afternoon Commentary: If Aluminum Prices Fluctuate, Downstream Restocking is Better, and Henan Aluminum Spot Takes the Lead in Premiums] SMM news on September 6: The weak and fluctuating aluminum prices this week have stimulated downstream restocking, and domestic aluminum social inventories have entered a state of destocking. According to SMM data, domestic aluminum social inventories fell by 17,000 tonnes to around 794,000 tonnes on Thursday this week compared to the previous Thursday, with significant destocking in the Gongyi region, where inventories dropped by 9,000 tonnes to 72,000 tonnes compared to the previous Thursday. Inventories in the Wuxi region decreased by about 2,000 tonnes from the previous Thursday, and further destocking will depend on subsequent consumption.

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[SMM Aluminum Spot Afternoon Commentary: If Aluminum Prices Fluctuate, - Shanghai Metals Market (SMM)