Aluminum Ingot Inventory in Key Regions Slightly Up, Outlook Remains Optimistic

게시됨: May 7, 2025 09:31
According to SMM statistics, as of May 7, the aluminum ingot inventory in Guangdong was 242,700 mt; in Wuxi, it was 201,300 mt; and in Gongyi, it was 69,000 mt. The combined inventory across these three locations totaled 513,000 mt, an increase of 200 mt from the previous trading day. Overall, the performance of domestic aluminum ingot inventory during the Labour Day holiday was slightly better than expected, with the overall inventory buildup remaining manageable and not exerting significant downward pressure on aluminum prices in the short term after the holiday. However, the market's focus is on the post-holiday consumption and outflows from warehouses. Currently, it is a critical stage of transition between the low and peak seasons. After the first inventory buildup in domestic aluminum stocks since March, will this mark the beginning of a continuous inventory buildup trend? Can the inventory data released this Thursday and next Monday prove the resilience of domestic aluminum consumption and bring unexpected surprises to the market? These questions require time to observe. For now, SMM maintains a relatively optimistic outlook, expecting that the domestic aluminum ingot inventory across the three locations will continue to exhibit a steady and slightly declining trend in the first half of May, operating around the 500,000 mt level.

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According to SMM statistics, as of May 7, the aluminum ingot inventory - Shanghai Metals Market (SMM)