Aluminium inventory data flash along with China aluminium market weekly report

According to SMM statistics, as of January 23, the social inventory of aluminium ingot inventory in Guangdong was 131,100 tonnes, in Wuxi was 146,800 tonnes, and in Gongyi was 52,600 tonnes, with the total inventory in these three regions increasing by 7,100 tonnes compared to the previous trading day. Regarding domestic aluminium billet inventory, the aluminium billet inventory in Guangdong was 94,400 tonnes, and in Wuxi was 51,200 tonnes, with a total increase of 6,300 tonnes.

This week's hot topic: One month after the cancellation of export tax rebates, how are aluminium plate/sheet, strip and foil enterprises responding?

Forecast for next week: Macro strong expectations ease, coupled with weakening on the cost side, aluminium price centre pulls back

Aluminium: Pre-holiday aluminium ingot inventory buildup is inevitable, spot market transactions vary by region

Bauxite and alumina: Alumina profit margins narrow significantly, bauxite prices face pressure at the top

Aluminium billet and profiles: Domestic profile production accelerates decline, domestic aluminium billet inventory surpasses the 200,000 mark

Secondary aluminium: Secondary aluminium alloy prices remain stable before the holiday, market transactions weaken due to the Chinese New Year holiday

Aluminium auxiliary materials: Prebaked anode costs rise significantly, and aluminium fluoride market transactions remain sluggish. Source: SMM