[SMM Aluminum Spot Afternoon Commentary: Accumulation of Aluminum Ingot Inventories is Evident over the Weekend, Holders Actively Sell Goods with Moderate Spot Transactions] SMM News on July 29th: In today's morning session, the main contract of Shanghai Aluminum mainly moved in a downward trend. The spot market in East China recorded moderate transactions today, with holders actively selling their goods. According to SMM statistics, aluminum ingot inventories in Wuxi (excluding Hangzhou, Changzhou, Hai'an, and other places) today stood at 307,700 tons, an increase of 7,700 tons from the previous trading day. Today, the SMM A00 aluminum price was discounted by 40 yuan/ton against the 2408 contract...
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