[SMM data] spot inventory of 6063 Aluminum bars in China on October 8, 2019

[SMM Aluminum Express] Суточные запасы слитков вторичного алюминиевого сплава в основных районах потребления в Китае сегодня составили 17 200 тонн, снизившись на 917 тонн по сравнению с предыдущим торговым днем, ускоряя темпы сокращения запасов в течение недели.

This week, the aluminum processing industry was broadly under pressure from three factors: a deepening off-season, continuously weakening aluminum prices that fueled widespread price-drop sentiment, and shrinking exports. Only a few subsectors such as energy storage provided marginal support. The operating rate is expected to continue its downward trend in the short term.