Limited Aluminum Ingot Arrivals Boost Water Transfer Premiums in Henan & Shanghai: SMM Afternoon Spot Commentary

[SMM Aluminum Spot Afternoon Commentary: Limited Arrival of Aluminum Spot Market Goods Leads to Water Transfer Premiums in Henan and Shanghai]

SMM Report on October 22

According to the latest inventory data from SMM, the arrival of aluminum ingots in major domestic consumption regions remained limited on Monday of this week. Domestic aluminum social inventories continued to decline, with only a small amount of cargoes arriving in Wuxi by truck transportation. As of Monday, aluminum ingot inventories in Wuxi fell by 12,000 tonnes to 211,000 tonnes compared to last Thursday. As of Monday, the total domestic aluminum ingot social inventory was approximately 638,000 tonnes, an increase of...