The outflow of aluminum billets from warehouse was moderate
After two consecutive weeks of inventory growth, despite concentrated arrival of goods over the weekend, domestic aluminum billets inventories still showed only mild growth.
Domestic aluminum ingot inventory showed resilience
On Apr 18, 2024, SMM data showed that the social inventory of aluminum ingots in China’s eight major markets was 844,000 mt, (the amount for sale stood at 718,000 mt), down 10,000 mt WoW, down 15,000 mt compared with Apr 15 and 91,000 mt YoY, remaining at the lowest compared to the same period of past seven years.
Recently, Lynk & Co, the car brand jointly owned by Geely and Volvo Cars, announced on April 17 the Lynk & Co 08 EM-P 120 Long Range Plus hit the market as a new edition to the Lynk & Co 08 EM-P serie...
SMM Morning Comment For SHFE Base Metals On Apr 19
LME copper prices opened at $9691/mt and closed at $9743/mt in overnight trading, a gain of 2.04%, with the low-end of $9641/mt and the high-end of $9774/mt.
Overnight, LME zinc opened at US$2,810/ton, reaching a high of US$2,850/ton. Entering the night trading period, LME zinc fell rapidly and tested as low as US$2773.5/ton.