【SMM South China Aluminum Spot: South China Aluminum Price Breaks 19,000 Yuan, Spot Premiums Expected to Weaken】December 18th: The night trading of Shanghai aluminum opened high and continued to rise. The main contract forcefully pierced through all daily moving averages. Despite the strong destocking in South China over the weekend, domestic inventories reached a new low and destocking slowed down. However, after three consecutive large increases in aluminum prices, the market generally expects that high spot premiums will inevitably weaken. On Monday, traders actively sold goods to realize profits. With sufficient circulating supply in the market, the main tone remains to accelerate the selling of goods. Prices were adjusted from a decrease of 10-20 in the early session to a decrease of 30-40, with some oversold goods appearing. Initially, downstream buyers hesitated to purchase at high prices, but started to replenish their stocks at lower prices. Overall, the trading volume remains acceptable...
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