SMM Aluminum spot market noon review: Downstream pre-holiday stocking, East China spot transaction improved compared to yesterday. SMM, December 29: The main Shanghai aluminum contract fluctuated upwards in the morning. Today, spot transactions in East China have improved. SMM statistics show that aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, etc.) is 109,000 tons, an increase of 1,000 tons from the previous trading day. As the year-end approaches, traders are settling accounts and reducing shipments, leading to tighter spot circulation. Coupled with the pre-holiday stocking demand from downstream, transactions are better than yesterday. Today, the SMM A00 aluminum price offers a premium of 10 yuan/ton to the 2401 contract...
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