Oct exports of anhydrous aluminium fluoride up 237% YoY

[SMM Aluminum Express News] Indonesia's Ministry of Energy and Mineral Resources (ESDM) targets tax compliance as a mandatory requirement for submitting the Work Plan and Budget (RKAB) starting in 2027. Previously, Director General of Taxes at the Ministry of Finance Bimo Wijayanto stated that his office and the Directorate General of Minerals and Coal (Ditjen Minerba) ESDM are finalizing discussions on this new regulation. The rule will require a fiscal compliance certificate as an integral part of RKAB submissions for mining companies, ensuring tax obligations are met before annual RKAB approval.

The US CPI data for February met expectations, with core goods rising MoM and core services cooling slightly. In February, US CPI rose 2.4% YoY, unchanged from the previous reading, and 0.3% MoM, showing a slight pickup. In February, core CPI rose 2.5% YoY, unchanged from the previous reading, and 0.2% MoM, slightly below January's 0.3%. At the same time, both US CPI and core CPI for February came in fully in line with market expectations, and with the February YoY data completely unchanged from the previous reading, this release could be described as "largely in line with expectations." Structurally, core goods rose 0.08% MoM, a slight pickup from January's 0.04%. Core services rose 0.27% MoM, slowing down from January's 0.39%.

SMM News, March 13: Inventory side, aluminum ingot inventory in mainstream consumption areas increased by 4,000 mt MoM today, with Guangdong and Wuxi as the main sources of the inventory buildup. In the short term, after the Chinese New Year, aluminum ingot inventory continued its seasonal inventory buildup. Affected by bullish sentiment, premiums are expected to remain on a narrowing trend.