【SMM Aluminum Spot Afternoon Commentary: Continuous Accumulation of Aluminum Ingots in Wuxi This Week, with Sufficient Supply and a Slight Expansion of Spot Discount in East China and Central Plains】SMM News on July 18: In today's morning session, the main contract of Shanghai Aluminum futures was mainly in a downward trend. Today, spot market suppliers in East China actively sold their goods, and downstream buyers purchased according to their needs, resulting in average trading volumes. Recently, there has been an oversupply of goods arriving in Wuxi, leading to a significant accumulation of aluminum ingots. On Thursday, compared with Monday, the inventory increased by 19,000 tons, and the market supply was sufficient, resulting in a slight expansion of spot discounts. According to SMM statistics, the aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, etc.) was 295,000 tons today, compared with the previous trading day...
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