Zhengzhou Heavy Pollution Warning Spurs Aluminum Production Cuts, Narrowing Henan-Shanghai Price Gap

【SMM Aluminum Spot Afternoon Commentary: Zhengzhou Issues Heavy Pollution Orange Warning, Production Cuts in Some Aluminum Processing Enterprises, and Slight Expansion of Henan-Shanghai Price Difference】

SMM Report on October 9

According to SMM data, post-holiday domestic aluminum social inventory arrivals fell short of expectations, with aluminum ingot social inventory increasing by only 26,000 tonnes compared to pre-holiday levels. Notably, inventory in Wuxi did not increase but instead decreased by 1,000 tonnes to approximately 240,000 tonnes, while inventory in Gongyi increased by 12,000 tonnes to 68,000 tonnes compared to pre-holiday levels. According to SMM research, the primary reason for the unexpectedly low inventory arrivals was the shipment delays from Xinjiang...