Completion and Launch of Aluminum-based Lead-Carbon Energy Storage Battery Project in Kunming Science and Technology Energy Storage Industrial Park

[SMM Aluminum Alloy Flash] China's social inventory of cast aluminum alloy ingots stood at 33,000 mt this week, up 1,200 mt WoW, marking the fourth consecutive week of inventory buildup. On a YoY basis, current inventory decreased by 38,400 mt compared to the same period last year, a decline of 53.8%. Currently in the early stage of the peak season, downstream enterprises are purchasing mainly on rigid demand, and the demand side has yet to fully recover. Some spot traders' purchases have supplemented inbound inventory to a certain extent. In the short term, social inventory is expected to continue its slight buildup trend.

Futures aluminium SHFE kembali menguat, dan dengan puncak musim September yang kurang memuaskan, perusahaan pengolahan hilir di pasar Tiongkok tengah menunjukkan sentimen pembelian yang lesu dan sikap menunggu yang kuat, sehingga perdagangan pasar relatif tipis. Pemasok juga cenderung menjual dalam volume besar ketika premi penawaran dinaikkan, dan sentimen penjualan pun melemah. Pada akhirnya, harga transaksi aktual di pasar Tiongkok tengah berada di sekitar diskon 110-150 yuan/mt terhadap kontrak aluminium SHFE September.