【SMM South China aluminum spot: Strengthening of price spread stimulates realization demand, supply and demand increase before the weekend, and transaction performance is relatively strong】

News on January 5th: Shanghai aluminum night trading opened low and continued to decline, stabilizing slightly in early trading. Shanghai aluminum fell for the third consecutive time, while London aluminum continued to decline under pressure from the US dollar index. The support level of 19,000 yuan per ton for Shanghai aluminum is facing a test. Inventory in South China region continued to decrease slightly, and available circulating supply remained relatively tight. However, the strengthening of the price spread near the weekend stimulated the willingness of holders to accelerate shipment realization, weakening the support for price increases, with prices quoted at +10 to +20. Initially, the receiving party was hesitant, but later, under the influence of bullish sentiment, there were no shortage of replenishment actions, and demand warmed up, with transaction performance relatively strong...