China's cast aluminium alloy inventory rises 2,500 mt W-o-W, marking second consecutive week of buildup
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This image has been obtained via SMM's official website
This week, China’s social inventory of cast aluminium alloy ingots recorded 28,100 mt, up 2,500 mt WoW, marking the second consecutive week of inventory buildup, with the buildup magnitude further widening from last week.
Currently in the demand off-season, downstream purchase willingness is low, and market shipment pace is slow. Meanwhile, periodic increases in spot-futures arbitrage purchases provided some replenishment to inventory. Overall, social inventory still faces buildup pressure in the short term, and it is expected to continue a slight upward trend.
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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