China's Secondary Aluminum Alloy Inventory Declines for Third Week, Down 5,600 mt WoW
[SMM Aluminum Alloy Flash] According to SMM statistics, China's social inventory of secondary aluminum alloy ingots decreased by 5,600 mt WoW to 53,100 mt this week, marking the third consecutive weekly decline. From a driving logic perspective, on the supply side, a shortage of invoices forced some enterprises to cut production, leading to a continuous tightening of circulating supply in the market. On the circulation side, trader shipments increased, driven by a combination of factors including a widening spot-futures price spread, downstream restocking on demand, and producers' active buybacks.