【SMM Aluminum Spot Midday Review: Aluminum Price Pullback Boosts Trading, Discount Narrows in Eastern China and Central Plains】SMM, May 31st: In the early trading session today, the main aluminum contract on the Shanghai Futures Exchange fluctuated with a downward trend. The aluminum price pullback was significant, and with the weekend approaching, the demand for just-in-time stockpiling increased, leading to improved trading in the Eastern China region today. According to SMM statistics, the aluminum ingot inventory in Wuxi (excluding Hangzhou, Changzhou, Hai'an, etc.) was 259,900 tons today, an increase of 1,700 tons compared to the previous trading day. The spot discount narrowed slightly, with the SMM A00 aluminum price discount against the 2406 contract at around 140 yuan/ton today, compared to the previous trading day.
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