SMM Analysis: Brief Analysis of the Supply and Demand Pattern behind the Recent Firmness in Spot Aluminium Prices

Since late November, domestic spot aluminium prices have remained stable overall, with the weakening of aluminium demand due to reduced production of aluminum in Yunnan yet to be reflected in the spot price trend. In the northern region, spot aluminium prices have maintained stability and even shown a slight upward trend. The reason for the firmness in spot prices since late November is the tight supply and demand pattern in the domestic spot aluminium market. In this analysis, SMM will provide a brief analysis of the supply and demand patterns in the southern and northern spot aluminium markets since November.