Aluminum Prices Plunge Amid Weak Macroeconomic Sentiment, Boosting Spot Market Activity: SMM Afternoon Commentary

[SMM Aluminum Spot Afternoon Commentary: Macroeconomic Sentiment Falls, Aluminum Prices Plunge Today, and the Spot Market Turns Active]

SMM, September 23: Judging from the data of domestic aluminum ingot spot inventories since Monday this week, China's aluminum social inventories have continued to decline. In particular, Wuxi and other regions have seen fewer arrivals, maintaining the trend of inventory depletion. Stimulated by factors such as the improvement of the premium in Gongyi during the previous period, some goods in transit were diverted to the Gongyi area, resulting in a short-term or continued state of low arrivals in Wuxi. This, in turn, has led to a narrowing of spot discounts...