Wuxi Destocking Spot Discounts Narrowed, Futures Pulled Back With Lower Transaction Prices [SMM Spot Aluminum Midday Review]
SMM Spot Aluminum Midday Review: Wuxi Destocking Spot Discounts Narrow, Futures Pull Back with Lower Transaction Prices
In the central China market, supply and demand both remained weak. After the futures market pulled back, suppliers' sentiment to stand firm on quotes strengthened, with actual transactions mainly showing a premium of 10-30 yuan/mt against SMM central China prices. Today, the Henan-Shanghai price spread was around a discount of 110 yuan/mt. SMM central China A00 aluminum ingot prices recorded 20,090 yuan/mt against the SHFE 2502 contract, down by 20 yuan/mt from the previous trading day.
Regarding inventory, according to SMM domestic aluminum ingot social inventory data, as of January 23, inventory increased by 5,000 mt to 460,000 mt. In the short term, earlier in-transit cargoes gradually entered warehouses, combined with downstream entering the Chinese New Year holiday, leading to a turning point in social inventory. However, Wuxi continued destocking, supporting regional premiums and discounts. Moving forward, attention should be paid to arrivals in east China and changes in downstream demand.
Data source: SMM
Subscribe to view historical SMM metal spot prices.
데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.
문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn
관련 뉴스
![9월 입찰 가격 인상 실행, 불화알루미늄 강세 지속 [SMM 불화염 주간 리뷰]](https://imgqn.smm.cn/usercenter/qKBjc20251217171650.jpg)
