With the Chinese New Year holiday approaching, overall market trading was sluggish [SMM Spot Aluminum Midday Review].

Macro Front Generally Warmth Contests Inventory Buildup Reality, Aluminum Prices Under Pressure and Fluctuating in the Short Term [SMM Aluminum Morning Meeting Minutes]

Downstream buyers have largely completed restocking, but suppliers are still holding prices firm for shipments. [SMM South China Spot Copper]

There was still restocking before the holiday, and the price spread between futures contracts was relatively large, stimulating spot premiums to fluctuate and rise. [SMM Southern China Spot Copper Cathode Weekly Review]

Overnight futures prices closed slightly lower, spot cargo held steady with a wait-and-see approach [SMM Cast Aluminum Alloy Morning Comment]