SMM Aluminum Spot Review: SHFE Aluminum Stabilizes, Inventory Shifts

[SMM Aluminum Spot Midday Review: SHFE Aluminum Stabilized Today with Improved Spot Transactions, Spot-Futures Price Spread Improved]

SMM, November 19th

According to the latest SMM inventory data, as of this Monday, SMM reported a domestic aluminum ingot social inventory of 563,000 mt, a decrease of 2,000 mt compared to last Thursday. Inventory in Wuxi decreased significantly, down by 10,000 mt to around 170,000 mt compared to last Thursday. In Gongyi, some rail shipments arrived over the weekend, increasing the inventory by approximately 12,000 mt compared to last Thursday.