SMM Aluminum Spot Market Midday Review: Aluminum Prices Rise, Transactions Improve, Discount Narrowing in Eastern China and Central Plains. SMM News on May 23: In the early morning session of today, the main aluminum contract in Shanghai was mainly in a state of volatility and decline. Today, suppliers in the Eastern China region were mainly shipping out their goods, aluminum prices have rebounded, and transactions have improved. According to SMM statistics, the aluminum ingot inventory in Wuxi today (excluding Hangzhou, Changzhou, Hai'an, etc.) was 266,200 tons, an increase of 800 tons compared to the previous trading day. Today, the SMM A00 aluminum price was discounted at around 120 yuan/ton against the 2406 contract, up from the previous trading day.
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