Primary aluminium inventories built up 20,000 mt on week

[Downstream Off-Season Demand Remains Weak, Geopolitical Conflicts Support Aluminum Price Consolidation] Overall assessments indicate that the situation in the Middle East remains volatile, market concerns over interest rate hikes persist, and supply continues to recover. However, the destocking pattern is hard to reverse in the short term. Amid the tug-of-war between longs and shorts, aluminum prices are expected to consolidate and adjust in the near term. Going forward, close attention should be paid to the progress of production resumptions in the Middle East and the trend of geopolitical conflicts, LME aluminum ingot inventory changes, as well as China's downstream processing orders and aluminum semis exports data.

[SMM Aluminum Flash] Les stocks quotidiens de lingots d'aluminium secondaire en Chine dans les principales zones de consommation s'élevaient à 10 100 tonnes, en baisse de 393 tonnes par rapport au jour de Bourse précédent.