[SMM Aluminum Spot Afternoon Commentary: Macroeconomic Sentiment Falls, Aluminum Prices Plunge Today, and the Spot Market Turns Active]
SMM, September 23: Judging from the data of domestic aluminum ingot spot inventories since Monday this week, China's aluminum social inventories have continued to decline. In particular, Wuxi and other regions have seen fewer arrivals, maintaining the trend of inventory depletion. Stimulated by factors such as the improvement of the premium in Gongyi during the previous period, some goods in transit were diverted to the Gongyi area, resulting in a short-term or continued state of low arrivals in Wuxi. This, in turn, has led to a narrowing of spot discounts...

![El precio de la alúmina retrocede tras un rápido ascenso con una consolidación de volumen decreciente; el índice spot deja de caer y repunta ligeramente; el patrón de oferta fuerte y demanda débil se mantiene sin cambios [Comentario matutino de SMM sobre la alúmina]](https://imgqn.smm.cn/usercenter/SBQYr20251217171651.jpg)
![El aluminio en la SHFE sigue subiendo; el diferencial de precios Guangdong-Shanghái atrae significativamente el traslado de mercancías [Revisión de mediodía del aluminio al contado de SMM]](https://imgqn.smm.cn/usercenter/VTjoW20251217171653.jpg)
