Downstream replenishment mainly during dips; aluminum ingot social stock continues to accumulate

According to Mysteel’s survey and statistics, as of February 9, 2026, the main market electrolytic aluminum inventory in China was 875,000 tons, an increase of 22,000 tons from last Thursday’s inventory. Aluminum prices have been volatile, and with the approaching Spring Festival, demand has been weak. Downstream companies are reluctant to purchase, mainly replenishing on dips, leading to a significant accumulation of inventory.

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