Alumina Port Inventories Surge by 34,500 Tonnes to 76,300 Tonnes, SMM Data Reveals

[SMM cast aluminum alloy morning comment: Aluminum alloy social inventory rises for four consecutive weeks; focus on peak-season demand realization] Overnight, the most-traded cast aluminum alloy 2611 contract opened at 23,775 yuan/mt, shot up to 23,800 yuan, then consolidated and pulled back, dipping to a low of 23,600 yuan before a slight recovery near the close. It closed at 23,610 yuan/mt, up 20 yuan or 0.08% from yesterday's settlement price of 23,590 yuan.