Today’s primary aluminum market prices fluctuated within a narrow range, and the market spot supply is ample.
[SMM rebar review] Rebar futures continued to rebound and spot transactions improved.
Today's rebar futures swung on a strong note amid brisk market sentiment.
According to SMM data, domestic bauxite production in February 2024 (29 days) totaled 4.0183 million tons, a month-on-month decrease of 16.19% and a year-on-year decrease of 20.27%.
During the survey period (March 12-March 18), the output of wire rod increased while that of rebar declined, and the total inventory of building materials continued to decline.
Data: SHFE, DCE market movement (Mar 19)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Mar 19, 2024