SMM Aluminum Spot Commentary: Henan Environmental Regulations Impact Operations, Widening Price Gap with Shanghai

**SMM Aluminum Spot Afternoon Commentary: Environmental Regulation in Henan Continues to Limit Downstream Aluminum Processing Operations, Widening the Price Difference between Henan and Shanghai**

SMM Report on October 29

According to the latest inventory data from SMM, the drawdown of domestic aluminum spot inventory slowed down on Monday. In particular, the Gongyi area received good arrivals during the week, showing an inventory accumulation, mainly consisting of goods from the northwest region of Xinjiang. As of Monday, the social inventory of aluminum ingots in the Gongyi area increased by 15,000 tonnes to 71,000 tonnes compared to last Thursday. Meanwhile, the inventory of aluminum ingots in Wuxi decreased by 11,000 tonnes to 197,000 tonnes compared to last Thursday. Further follow-up is still needed...