[SMM Aluminum Spot Afternoon Commentary: Poor Decline in Aluminum Ingot Social Inventories Continues Spot Discount Market] SMM News on August 5: Affected by the weaker-than-expected US non-farm payrolls data released on Friday night and today's cumulative aluminum social inventory data, Shanghai aluminum futures fluctuated weakly in the morning session, with the 08 contract oscillating below 19,000 yuan/ton. The East China spot market saw concentrated arrivals over the weekend, resulting in ample spot liquidity. Despite the significant price decline, holders of goods held back sales, quoted firmly, and downstream buyers replenished their inventories at lower prices, ...
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