【SMM South China Aluminum spot: Shanghai Aluminum surged due to upstream news, South China spot market turned to a discount on Friday】December 22 news: Shanghai Aluminum night trading showed a strong trend, and was quickly boosted by upstream news in the morning, rapidly rising above RMB 19,000. Inventory in South China remained strong this week, and with aluminum prices rising for seven consecutive days and a surge in Shanghai Aluminum today, the spot market in South China turned from a premium to a discount on Friday. The surge in Shanghai Aluminum pushed for a new high, prompting holders to sell off their stocks to realize profits, resulting in a deep discount in the market. However, buyers for heavily discounted goods still showed some willingness to purchase, but overall trading performance was relatively weak....
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