Entering mid-March, as the traditional peak season effect of "Golden March and Silver April" gradually unfolds, the spot supply-demand pattern in the aluminum industry chain continues to improve. Upstream production site inventory had accelerated destocking earlier, and recently, in-transit cargo volumes have contracted MoM. Coupled with the continued strong weekly outflows from warehouses of aluminum ingots and aluminum billets, the domestic spot aluminum supply and demand pressure has eased, inventory has shown significant improvement, and there were initial signs of destocking in domestic aluminum inventory mid-week last week. Recently, aluminum prices have also been attempting to break through the 21,000 mark. According to Shanghai Metals Market (SMM) data...

Dear Visitors, We would like to inform you that updates to the news and price sections of our English website will be temporarily suspended during the upcoming Chinese New Year holidays.

We would like to inform you that due to the upcoming Labour Day holiday,  all of our news updates will be temporarily suspended during May 1-5 and all of our weekly reports for the Labour Day holiday week will also be temporarily cancelled.

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As the LME Asia Week is in full swing, SMM will jointly hold a FREE seminar with Orient Futures whose theme is "Green Energy & Non-Ferrous Metals Outlook".

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