China's Foreign Trade Grows Robustly in First Three Quarters, Diversifying Markets and Boosting Ties with Belt and Road, RCEP Partners

[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.