China's Secondary Aluminum Inventory Rises 1,100 MT WoW Amid Narrowing Spot-Futures Spread

Published: Apr 16, 2026 13:35

Save

[SMM Aluminum News Flash] According to SMM statistics, the social inventory of secondary aluminum alloy ingots in China's major consumption areas increased by 1,100 mt WoW Thursday, marking the first inventory buildup since February. The main driver behind this round of inventory rebound was the significant narrowing of the spot-futures price spread, which squeezed arbitrage opportunities for spot-futures traders and hindered shipments. This was compounded by a marginal weakening of demand recently, accelerating the transfer of enterprise inventory to social inventory.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 hours ago

Copper and Aluminum "Duo" Drive LME Metal Index to Record High, Aluminum Industry "Black Hole" Descends!

20 hours ago

22 hours ago

Aluminum Prices Stay High, Downstream Price Acceptance Remains Weak [SMM Spot Aluminum Midday Review]

22 hours ago

23 hours ago

Aluminum Alloy 2606 Futures Decline, Spot Prices Stable Amid Weak Demand

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2606 contract opened at 24,140 yuan/mt today, rose to a high of 24,245 yuan/mt during the session before weakening, hitting a low of 23,935 yuan/mt, and finally closed at 24,040 yuan/mt, down 115 yuan/mt from the previous close, a decline of 0.48%. Spot side, ADC12 market prices remained largely stable today. The upward momentum in primary aluminum prices slowed, weakening cost-side drivers. Meanwhile, downstream demand remained persistently weak, with purchases mainly driven by rigid demand. Against the backdrop of ample low-priced supply and intensifying price competition, enterprises generally lacked the motivation to raise their quoted prices. However, purchase activities by futures-spot traders provided som

23 hours ago