SMM

On Mar 14, 2024, SMM data showed that the social inventory of aluminum ingots in China’s eight major markets was 843,000 mt, (the amount for sale stood at 717,000 mt), up 22,000 mt WoW, up 3,000 mt from Mar 11, and 352,000 mt higher than pre-CNY holiday level, remaining at the lowest compared to the same period of past seven years.