Aluminum Price Gap Narrows between Guangdong and Shanghai, SMM Says

[SMM Aluminum Brief] On June 26, LME aluminum inventory was 306,700 mt, down 1,500 mt or 0.49% from the previous day. Over the past week, LME aluminum inventory decreased by 8,575.00 mt, or 2.72%. Over the past month, it fell by 32,500 mt, or 9.59%.

[SMM Aluminum Brief] In the coal tar pitch market, coal tar raw material prices were stagnant. Deep-processing operating rates rose slightly, leading to a modest increase in supply. Downstream anode enterprises purchased on a just-in-time basis and pushed for lower prices while adopting a wait-and-see stance, intensifying the supply-demand tug-of-war. Next week, the market is expected to continue its weak consolidation: raw material prices will see no significant fluctuations, downstream players are unlikely to restock in a concentrated manner, and prices lack upward momentum, with a high probability of a slight decline.