【SMM Aluminum Spot Market Midday Review: Aluminum Prices in East China Break Through 20,000 Yuan per Ton, Central Plains Delivery Decreases and Spot Discount Narrows】SMM, May 22: Early this morning, the main aluminum contract in Shanghai was mainly volatile and downward. Today, the main activity in East China was the delivery of goods by holders, with aluminum prices remaining high. Downstream purchasing was mainly on-demand, and transactions were relatively weak. According to SMM statistics, the inventory of aluminum ingots in Wuxi (excluding Hangzhou, Changzhou, Haian, etc.) was 265,400 tons today, an increase of 2,600 tons compared with the previous trading day. Today, the discount of SMM A00 aluminum price against the 2406 contract was around 140 yuan per ton, compared with the previous trading day.
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