【SMM South China aluminum spot: Accumulated inventory in South China approaching 50,000 tons in March, spot discounts hit new lows by month-end】March 19th news: Shanghai aluminum opened lower and rose in night trading, and rose slightly in early trading. Although domestic aluminum ingots have been transferred out of warehouses, poor performance in accumulated inventory of South China aluminum ingots, coupled with excessive import sources flooding the market, has suppressed premiums and discounts. The spot market in South China has seen continuous expansion of discounts recently, with morning quotes continuing to be weak at an average of -10. With loose circulation, holding merchants have reduced next month's delivery sources to -20 in order to realize profits first. Downstream demand is weak, with essential demand showing signs of weakness, resulting in overall lackluster transactions...
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