Shanghai Aluminum Market Sees Abundant Spot Circulation Ahead of Long-Term Contract Settlement, Trading Remains Steady

【SMM Aluminum Spot Afternoon Commentary: Market Spot Circulation Abundant as Long-Term Contract Settlement Date for Aluminum Approaches, Average Spot Trading】SMM, August 23:

The Shanghai aluminum market traded sideways in the morning session today, with the monthly long-term contract settlement date approaching. Holders actively liquidated their positions, leading to a generally subdued trading atmosphere in the spot market. Today, the SMM A00 aluminum price maintained a discount of 80 yuan/ton against the 2409 contract, with the spot price recorded at 19,700 yuan/ton, up 10 yuan/ton from the previous trading day. ...