SMM Aluminum Spot Review: Moderate Downstream Buying, Expanded East China Premiums Amid Inventory Decline

Publicado: Dec 4, 2024 14:11
[SMM Aluminum Spot Midday Review: Moderate Buying Sentiment in Downstream, Spot Premiums in East China Expanded] According to the latest inventory data from SMM, as of Monday, SMM reported domestic aluminum ingot social inventory at 546,000 mt, down 7,000 mt compared to last Thursday. Notably, inventory in Wuxi decreased significantly, down 10,000 mt to around 166,000 mt compared to last Thursday, while some rail shipments arrived in Gongyi over the weekend, increasing inventory by approximately 4,000 mt compared to last Thursday. From the outflows from warehouses data, downstream demand weakened compared to last week. Coupled with some squeezed inventory arrivals from Xinjiang, destocking weakened. It is expected that this week, SMMA00 spot premiums will mainly be small premiums or parity.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

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[SMM Aluminum Spot Midday Review: Moderate Buying Sentiment in Downstr - Shanghai Metals Market (SMM)