[SMM Aluminum Spot Afternoon Commentary: Aluminum Prices Fall Below 19,000 Yuan/Ton, Downstream Reception Cautious with Average Transactions] SMM News on July 30: The main contract of Shanghai Aluminum opened lower this morning and quickly plunged below 19,000 yuan/ton. The spot market in East China witnessed average transactions today, with holders actively offering goods while downstream buyers remained cautious with a strong wait-and-see attitude, primarily focusing on rigid demand purchases. According to SMM statistics, aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Haian, etc.) today stands at 310,100 tons, an increase of 2,400 tons from the previous trading day. Today's SMM A00 aluminum price is 50 yuan/ton discounted against the 2408 contract...
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