【SMM South China Aluminum Spot: Tight Supply, Narrow Contango Today's South China Aluminum Ingot Spot Trading Atmosphere is Strong】December 12th News: The night market for Shanghai aluminum fluctuated narrowly, with a strong upward trend in the early session, and South China aluminum ingots maintained a de-stocking trend today with tight supply and narrow contango. The contango for the next month is relatively reasonable. The early session holders mainly quoted at the average price +10, and as large buyers entered the market, the market sentiment slowly improved, leading to an upward adjustment of prices to +10+20. Downstream demand for replenishment is relatively active, and overall trading remains relatively strong.
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