SMM Aluminum spot market midday review: Recent northern snowfall may affect road transportation. Aluminum ingot inventory accumulates, short-term spot price increase is under pressure with primary focus on operation. SMM News on February 1st: Shanghai aluminum futures contracts fluctuated downward in the early trading session today. In the East China region, the main focus was on merchants selling their goods, while downstream demand for low inventory and just-in-time purchases remained the main drivers, with moderate transaction volume. According to SMM statistics, aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Haian, and other areas) today stands at 107.2 thousand tons, a decrease of 0.1 thousand tons from the previous trading day. Aluminum ingot spot prices have turned into a small discount, with today's SMM A00 aluminum price being 10 RMB/ton lower than the 2402 contract price compared to the previous trading day...
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