[SMM Spot Aluminium]

In east China, weekly destocking of aluminum ingots boosted sellers' confidence to hold prices firm, with futures prices avoiding further declines. End-user purchasing sentiment rebounded, and although large-scale restocking did not occur, overall trading sentiment recovered. Actual transactions were mainly conducted at parity to a premium of 10 yuan/mt against the SMM average price.

In central China, although aluminum prices experienced a slight correction today, downstream market trading sentiment remained favorable. As futures prices rose, premiums and discounts in the central China market narrowed. However, with prices below the monthly average, major players demonstrated a clear willingness to hold prices firm. Ultimately, actual transaction prices ranged from parity to a premium of 20 yuan against the central China price.