SMM Spot Aluminum Review: Macro Bearish Factors Impact SHFE, Active Spot Transactions Amid Slight Inventory Fluctuations

[SMM Spot Aluminum Midday Review: Macro Bearish Factors Pull Back SHFE Aluminum, Spot Market Transactions Active]

Inventory side, according to SMM data on social inventories of aluminum ingots in three major domestic regions, aluminum ingot inventory in China's major consumption areas stood at 726,000 mt on March 11, with an inventory buildup of 800 mt compared to the previous trading day. In the short term, inventories in major consumption areas show slight fluctuations, but downstream demand is expected to improve, providing support for aluminum prices. Coupled with recent downstream purchasing as needed, spot premiums/discounts may fluctuate.