SMM Aluminum Spot Commentary: Weak Volatility, Prices Decline by 870 Yuan/Ton Week-on-Week

**SMM Aluminum Spot Afternoon Commentary: Shanghai Aluminum Shows Weak Volatility; Aluminum Spot Market Declines by 870 Yuan/Ton Over the Week**

SMM November 13 Report

In today's morning session, Shanghai aluminum mainly maintained weak volatility. The decline in capital enthusiasm for alumina, coupled with the expected transition of aluminum downstream consumption towards the off-season, weighed on the aluminum futures market, causing aluminum prices to decline continuously. Today, holders in the East China spot market were active in shipping their goods, and with improved arrivals, the spot circulation in the market was abundant. Downstream buyers, facing rigid demand for inventory replenishment, engaged in generally moderate trading, while the spot premium fluctuated within a narrow range. Today, the SMMA00 contract relative to the November contract...