【SMM Aluminum Spot Market Midday Review: Shanghai Aluminum Main Contract Narrow Adjustment, Central China Spot Supply Tightness Easing, Expected Premiums Under Pressure】SMM News on December 5: Shanghai Aluminum main contract narrowed its adjustment in the morning, with a slight downward shift in operation center. In East China, spot supply continued to tighten, but absolute inventory levels remained relatively high. SMM statistics show that aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, etc.) decreased by 0.51 million tons to 187,500 tons today. Today, SMM A00 aluminum price for the 12th contract narrowed to parity, compared to the previous trading day...
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