
December 27 News:
The Nanhai spot aluminum ingot prices saw a slight increase today, with quoted prices rising by 10 yuan per ton compared to the previous trading day. The price for aluminum ingots with freight is now at X yuan per ton, while those without freight are at Y yuan per ton. Despite the modest rise, market activity remains relatively active, although transaction volumes are still limited.
Many downstream companies are hesitant to build up inventory due to uncertainty in demand and concerns over storage costs. While there is strong interest from buyers, actual purchases remain small. Recyclers continue to focus on shipping, as they hold minimal stock, and the overall market supply remains stable.
Traders are closely watching the trend, expecting more clarity in the coming days. With the holiday season approaching, some businesses are adjusting their strategies, balancing between maintaining liquidity and securing supplies. This cautious approach reflects the current market sentiment, where confidence is gradually returning but not yet fully restored.
Overall, the aluminum ingot market is showing signs of recovery, but it's still in the early stages of stabilization. Investors and traders are advised to stay alert and monitor further developments in the near future.
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