【SMM Aluminum Spot Afternoon Comment: SMM A00 Aluminum Price Drops to 20,000 Yuan/ton, and East China and Central Plains Spot Premiums and Discounts Remain Stable】SMM news on July 12: In the morning session today, the main contract of Shanghai Aluminum futures market mainly showed a downward trend. Today, the spot market in East China is dominated by active shipments by cargo holders, while downstream buyers are taking goods according to their needs, resulting in generally average trading volumes. According to SMM statistics, the aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, and other places) today stands at 276,100 tons, a decrease of 1,100 tons compared with the previous trading day. Today, the SMM A00 aluminum price is discounted 20 yuan/ton against the 2407 contract...
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