SMM Aluminum Spot Commentary: Shanghai Aluminum Volatility, Regional Inventory Divergence

**SMM Aluminum Spot Afternoon Commentary: Shanghai Aluminum Experiences Wide Fluctuations; Regional Performance in Aluminum Spot Market Varies**

SMM Report on October 30

According to the latest inventory data from SMM, the decline in domestic aluminum spot inventory slowed down on Monday of this week. Among them, the Gongyi region saw good arrivals during the week, resulting in an accumulation of inventory, mainly from northwestern Xinjiang. As of Monday, the social inventory of aluminum ingots in the Gongyi region increased by 15,000 tonnes to 71,000 tonnes compared to last Thursday. The inventory of aluminum ingots in Wuxi decreased by 11,000 tonnes to 197,000 tonnes compared to last Thursday. Further updates are needed to...