【SMM Aluminum Spot Market Midday Review: Aluminum Prices Rise, Spot Transactions are Average, East China and Central Plains Maintain Discount Prices】SMM News, May 16: The main aluminum contract on the Shanghai Futures Exchange was mainly in an upward trend in the morning session today. Today, suppliers in the East China region were mainly selling, and downstream buyers were purchasing on demand, resulting in average transactions. According to SMM statistics, the aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, etc.) was 261,900 tons today, a decrease of 5,900 tons from the previous trading day. Today, the SMM A00 aluminum price was discounted by around 70 yuan/ton against the 2406 contract compared to the previous trading day.
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