[SMM: Can the aluminum spot market smoothly transition to a premium market?] SMM News on June 14, 2024:

Since April 2024, under the stimulus of a series of favorable factors such as macroeconomics and the expected recovery of manufacturing industries at home and abroad, the price center of gravity of the aluminum market has risen. The main contract of Shanghai aluminum reached a high of 22,040 yuan/ton on May 30, and the spot price also broke through 21,240 yuan/ton. However, from the performance of the spot market, the domestic spot market has continued to show a discount state, and while the futures prices have repeatedly soared, the spot discount has continued to expand. Especially on May 30, the SMM A00 East China spot discount expanded to 150 yuan/ton.