Aluminum Billet Inventory Declines as End-User Restocking Momentum Strengthens

Published: Apr 21, 2025 15:49
According to SMM statistics, the outflows from warehouses of aluminum billet totaled 68,900 mt during 4.14-4.20, an increase of 7,800 mt MoM. The current data reflects a marginal strengthening in the momentum of end-user restocking. On one hand, the sharp decline in aluminum prices has stimulated some end-users to restock at lows. On the other hand, although the peak consumption season of "Golden March and Silver April" is nearing its end, downstream players maintain a strategy of "driving down prices and slowing procurement + picking up goods as needed," forcing upstream players to accelerate inventory turnover. Considering that aluminum prices are still fluctuating at lows, coupled with the opening of the stockpiling window before the Labour Day holiday, it is expected that aluminum billet inventory will maintain a downward trend.

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