[SMM Aluminum Spot Afternoon Commentary: LME Aluminum Experiences Relatively Strong Volatility, Spot Aluminum Prices Once Again Approach the Threshold of RMB 20,000/Tonne]
SMM News on September 20:
Shanghai aluminum maintained relatively strong volatility today, with near-month contracts breaking through the threshold of RMB 20,000/tonne. Amid optimistic sentiment, trading in the East China spot market was moderate today, with most holders stabilizing prices for shipments. As the weekend approaches, there has been an increase in downstream inventory replenishment. Today, the SMMA00 aluminum price against the 10th-month contract recorded a discount of RMB 6/tonne, down RMB 10/tonne from the previous trading day. The SMMA00 price was recorded at RMB 19,960/tonne, up RMB 130/tonne from the previous trading day....
