[SMM Aluminum Spot Afternoon Commentary: SHFE Aluminum Falls First and Then Rises, Aluminum Spot Market Trading Improves, Spot Price Moves to a Premium]
SMM September 11: In today's morning session, SHFE aluminum fell first and then rose. As the Mid-Autumn Festival holiday approaches, downstream rigid demand for inventory replenishment has increased. Trading in the East China spot market has been satisfactory. With the widening monthly spread, holders of aluminum stocks offered firm quotes. Today, the SMM A00 aluminum price was at a premium of 10 yuan/ton against the 2409 contract, up 20 yuan/ton from the previous trading day, and the spot price recorded 19,340 yuan/ton....
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