【SMM Aluminum Spot Market Midday Review: Significant reduction in national electrolytic aluminum inventory, low inventory levels provide support for spot premiums】SMM January 18th news: The Shanghai aluminum main contract's center of gravity shifted downward in early trading today. Trading in the East China region was active, but transactions were moderate, with most of the trading dominated by holders. According to SMM statistics, aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, etc.) was 110,500 tons today, a decrease of 500 tons from the previous trading day. Spot circulating supply remained relatively tight, supporting relatively high spot premiums. Today, SMM A00 aluminum prices for the 2402 contract had a premium of about 90 yuan/ton compared to the previous trading day······
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