【SMM South China Aluminum Spot: Aluminum prices are weak, but the spot market remains relatively firm. Today, South China spot premiums are stable with a slight expansion.】November 28th, SMM News: The night trading of Shanghai aluminum opened high and then fell, and the early trading of Shanghai aluminum surged and then fell back. South China's inventory remains stable, and aluminum prices in the spot market are still relatively firm. With the overall tightness in South China's expected shipments, holders are unwilling to sell at lower prices, and the market is holding firm with premiums averaging around +10. Downstream demand for replenishment is the main driver, while trading companies have a lukewarm willingness to receive cargo, and overall transactions are moderate.
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