Shanghai Aluminum Inventory Declines Amid Stronger Downstream Restocking Amidst Reduced Arrivals, Market Turns Neutral

[SMM Aluminum Spot Afternoon Commentary: Improved Restocking by Downstream and Reduced Arrivals Lead to Domestic Aluminum Inventory Reduction; Shanghai Aluminum Spot Turns Neutral] SMM News on September 9:

Influenced by the positive factor of social inventory reduction, Shanghai aluminum opened higher in the morning session today. However, later driven by negative macro sentiment, the market retreated. In the East China spot market, downstream buyers showed moderate enthusiasm for restocking, and with fewer arrivals, holders of inventory maintained firm offers, leading to a further narrowing of the spot discount....