China's Cast Aluminum Alloy Inventory Drops to 25,900 mt, Destocking Slows Amid Weak Demand
[SMM Aluminum Alloy Express] This week, China's social inventory of cast aluminum alloy ingots dropped to 25,900 mt, a decrease of 3,800 mt WoW, with inventories having been destocking for eight consecutive weeks and accumulating a cumulative decline of 37,000 mt. However, the destocking speed slowed further compared to the earlier period. The industry's operating rate remained low, limiting new arrivals into warehouses; meanwhile, spot merchants focused on selling, continuing to drive inventory digestion. However, as the traditional consumption off-season deepened further, overall market demand was weak, placing some constraints on the destocking amplitude.