[SMM Aluminum Spot Afternoon Commentary: Aluminum Prices Continue to Fall, and the Spot Market Maintains Discounted Prices under Inventory Pressure] July 23rd, SMM News: In the morning session today, the main contract of Shanghai Aluminum futures rose and then fell. The spot market in East China generally saw average trading volumes, with aluminum prices continuing to decline. The enthusiasm of aluminum holders to sell their goods has decreased, and the spot market discount has narrowed slightly. Downstream buyers are mainly receiving goods based on their needs. According to SMM statistics, the aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, and other areas) is 298,600 tons today, compared with the previous trading day...
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