【SMM Aluminum Spot Midday Review: Active Shipment in East China Spot Market, Spot Transaction Still Not Active】SMM August 10th News:

In the early morning of today, the holders in the original area pushed up the price and shipped out, and there was less arrival in Gongyi, the market circulation was tight, but the downstream high price replenishment was not enough, and the market shipment increased in the later period, and the transaction discount was slightly reduced to the stable state. Today, SMM original price is maintained at a discount of 70 yuan/ton for 08 contracts, and the mainstream spot transaction in the early morning is discounted by 20 yuan/ton to 10 yuan/ton for SMM original price.

In the short term, the arrival of main consumption places such as Wuxi is not as expected, and the social warehouse of aluminum ingot maintains a low inventory state. The downstream just needs to replenish the warehouse, and the spot transaction is slightly weak. In the short term, the spot may maintain a small discount state.