China Aluminum Inventories Tight, Spot Trading Steady Despite Limited Arrivals - SMM Afternoon Commentary

【SMM Aluminum Spot Afternoon Commentary: Limited Arrival of Aluminum in Major Regions, Steady Trading of Aluminum Spot Today】

SMM, October 10

Based on domestic inventory data, this week's aluminum social inventories in China have remained tight in terms of arrivals. Aluminum ingots in major regions have experienced inventory drawdowns during the week. As of Thursday, domestic aluminum ingot social inventories stood at approximately 677,000 tonnes, a decrease of 7,000 tonnes from Tuesday. The shipping efficiency in regions such as Xinjiang still needs improvement. In the short term, the arrival of spot aluminum north of the Yangtze River remains relatively low, and the short-term spot discount has gained support...