As of April 24, the mainstream price in the south China market — SMM A00 aluminum (Foshan) was at a discount of 345 yuan/mt against the 2605 contract, while the mainstream price in the east China market — SMM A00 aluminum was at a discount of 130 yuan/mt against the 2605 contract. The price spread between the two regions had exceeded 200 yuan/mt, covering sea freight, short-haul transfer, and logistics costs, officially opening up the transshipment window between Guangdong and Shanghai...

【SMM Aluminum Spot Afternoon Commentary: Macro-Positive Stimulus Drives Today's Soaring Aluminum Prices; Trading Remains Decent in Spot Market】 SMM, September 25 As the global "interest rate cut wave" arrives, with both domestic and international macroeconomic factors resonating, LME aluminum futures experienced relatively strong fluctuations, and today's Shanghai aluminum prices surpassed the 20,000 yuan/ton mark. In the spot market of East China, overall trading remained stable. Approaching the end of the month, the circulation of tickets for the current month was tight, with suppliers focusing on stable pricing and shipments, while downstream buyers, wary of high prices yet with rigid demand, engaged in restocking. Today, the discount of the SMMA00 contract to the 10th-month future contract was 50 yuan/ton, unchanged from the previous trading day. The SMMA00 recorded a price of 20,160 yuan/ton, up 360 yuan/ton from the previous trading day. During the second trading session, the market experienced narrow fluctuations, with downstream buyers showing moderate enthusiasm for receiving goods. Overall trading volume was average, with the mainstream transaction prices ranging from a discount of 20 yuan/ton to a premium of 20 yuan/ton against SMM A00...

[SMM Aluminum Futures Brief Commentary: Macro Fundamentals Resonate, Shanghai Aluminum Prices Fluctuate Higher] On the macro front, the Federal Reserve initiated an interest rate cut cycle by 50 basis points. The dot plot showed that the Fed would cut rates by another 50 basis points this year and by another 100 basis points next year. Governor Bowman voted to cut rates by 25 basis points. Powell said that interest rate cuts could be fast, slow, or paused depending on the situation, and that the risks of employment and inflation were balanced. No signs of rising recession probabilities were seen in the economy...

[SMM Aluminum Spot Afternoon Commentary: Post-holiday Aluminum Spot Inventories Decline, Spot Prices Rise from Current Month to Delivery Month as Delivery Date Approaches] On the first day after the holiday, domestic aluminum social inventories continued to decline. Coupled with the positive macroeconomic sentiment both domestically and internationally, today's Shanghai aluminum prices maintained a high level of volatility, with transactions in the East China spot market...

【SMM Aluminum Spot Afternoon Commentary: Aluminum Prices Climb Again, More Sellers than Buyers, Basis Weakens】 SMM September 13th: In today's morning session, Shanghai aluminum extended its overnight gains, with the main contract fluctuating at a high level above 19,700 yuan/ton. Holders in the East China spot market were eager to sell, while downstream buyers were hesitant due to high prices but had rigid demand for purchases. However, with the Mid-Autumn Festival holiday approaching, the domestic market will face a four-day closure, prompting some downstream players to replenish inventories before the holiday, mainly through price negotiation. Market transactions were mainly at discounts to the online prices, and today's SMM A00 aluminum price maintained a premium of 10 yuan/ton against the 2409 contract....

【SMM Aluminum Morning Meeting Summary: Inventory Declines Again, Consumption Continues to Improve】Overnight, the main Shanghai aluminum contract 2410 opened at 19,190 yuan/ton, reached a high of 19,325 yuan/ton, a low of 19,155 yuan/ton, and closed at 19,320 yuan/ton, up 105 yuan/ton or 0.55%...