SMM Spot Aluminum Review: Initial Destocking Signs but High Prices Deter Downstream Buyers

[SMM Spot Aluminum Midday Review: Destocking Stimulates Rapid Futures Market Increase, Downstream Hesitant to Purchase at High Prices]

Inventory side, according to SMM domestic aluminum ingot social inventory data, as of March 6, aluminum ingot inventory in major domestic consumption areas stood at 871,000 mt, down 15,000 mt WoW from Monday. Initial signs of destocking have emerged, but due to high absolute prices, downstream buyers are hesitant to purchase, and spot premiums lack upward momentum. It is expected that the market may remain relatively stable with a weak trend next week.