SMM Spot Aluminum Review: SHFE Prices Jump Then Stabilize, Inventory Declines Boost Outlook

[SMM Spot Aluminum Midday Review: SHFE Aluminum Jumped Initially and Then Pulled Back in Early Trading, Spot Aluminum Prices Remained Stable]

Inventory side, according to SMM data on social inventories of aluminum ingots in three major domestic regions, aluminum ingot inventory in major domestic consumption areas stood at 717,800 mt on March 14, down 4,000 mt from the previous trading day. In the short term, inventory destocking in major consumption areas, coupled with optimistic downstream demand expectations, is expected to support aluminum prices. Considering that downstream purchasing remains primarily as needed recently, spot premiums and discounts may fluctuate.