SMM Aluminum Spot Review: East China Destocks, Central China Transactions Decline

Publicado: Dec 5, 2024 13:58
[SMM Aluminum Spot Midday Review: East China Spot Premiums Remain, Central China Transactions Weaken] According to the latest inventory data from SMM, as of this Thursday, SMM reported domestic aluminum ingot social inventory at 547,000 mt, down by 6,000 mt compared to last Thursday. Wuxi region saw a significant destocking, down by 7,000 mt to around 169,000 mt compared to last Thursday. In Gongyi, some rail-transported goods arrived over the weekend, increasing by approximately 9,000 mt compared to last Thursday. Outflows from warehouses indicated that downstream demand weakened compared to last week. Coupled with the arrival of some extruded inventory from Xinjiang, destocking slowed. It is expected that this week, SMM A00 spot premiums will mainly be on par with or show slight premiums.

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: East China Spot Premiums Remain, Cen - Shanghai Metals Market (SMM)