Aluminum Futures & Spot Prices Rise Amid Cautious Trading as Market Rumors Circulate

Published: Aug 22, 2024 13:17

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[SMM Afternoon Aluminum Spot Review: Both Aluminum Futures and Spot Prices Rise, Spot Market Trading Remains Cautious with Average Volume] SMM News on August 22: Shanghai aluminum maintained a relatively strong fluctuation in the morning session today, with short sellers continuing to exit the market. The contract for the current month surged above 19,800 yuan/ton. Due to recent rumors of multiple trade scandals in the spot market, buyers were cautious in taking deliveries, placing strict requirements on the asking prices of sellers. Inventory holders focused on maintaining stable prices and selling their stocks. Today, the SMM A00 aluminum price for 2409...

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