SMM Spot Aluminum Review: Inventory Decline Sparks Price Surge in Futures and Spot Markets

[SMM Spot Aluminum Midday Review: Continued Destocking Stimulates Bulls to Enter, Aluminum Futures and Spot Prices Surge Today]

Inventory side, according to SMM data on aluminum ingot social inventory in three major domestic regions, the inventory of aluminum ingots in major domestic consumption areas stood at 724,500 mt on March 12, down 1,600 mt from the previous trading day. In the short term, the destocking in major consumption areas, coupled with optimistic downstream demand expectations, provides support for aluminum prices. Considering that downstream purchasing remains primarily on an as-needed basis recently, spot premiums and discounts may fluctuate.