【SMM South China Aluminum spot: Difficult to find support for Shanghai Aluminum, market sentiment is pessimistic, overall performance of South China spot is weak today】November 22nd News: Shanghai Aluminum traded weakly throughout the day, with market sentiment being pessimistic. In addition, recent influx of goods from East China has resulted in an increase in arrivals and accumulative stockpiles in South China. This has led to an increase in circulating supply, causing traders to rush to sell under supply pressure, resulting in prices dropping from the average to around -50. Downstream buyers are cautious and overall trading activity is lackluster.
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