SMM Aluminum spot market midday review: SHFE aluminum main contract fluctuates slightly stronger, aluminum price increases, spot premiums narrow

SMM Jan 24th:

In the morning, the SHFE aluminum main contract showed a tendency to fluctuate slightly stronger. Trading activity for aluminum spot in East China has picked up, but the overall transaction volume is moderate. Combined with moderate downstream demand, this has led to some increase in aluminum prices and a weakening of spot premiums in East China. According to SMM statistics, the inventory of aluminum ingots in Wuxi (excluding Hangzhou, Changzhou, Hai'an, and other areas) was 107,900 tons today, a decrease of 2,500 tons compared to the previous trading day...