SMM South China Aluminum Spot: Production-related news boosts aluminum prices and obvious accumulation of aluminum ingots over the weekend puts pressure on South China premiums. On October 30th, SHFE night session rose, opening with volatility and rising 1.54% in the main contract, affected by Yunnan power restriction news, futures remain strong. Over the weekend, aluminum ingot accumulation was obvious, spot market followed with little strength. Early traders adjusted prices and shipped out, after November ticket transactions at -20-30, it fell back to -40-50, spot premiums expanded significantly, today's Guangdong-Shanghai spread was 10, and Central Plains spread was 150, spot market overall transactions were weak.
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