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Shanghai Metal Market: Shanghai Aluminum Falls, Downstream Restocking Accelerates
Today, Shanghai Metal Market spot A00 aluminum ingots are quoted at 23,120-23,160 yuan/ton, with an average price of 23,140 yuan/ton, down 200 yuan/ton from the previous trading day. The contract 2602 is quoted at a discount of 180-140 yuan/ton. This morning, aluminum prices continued to fluctuate within the range, with a slight adjustment at the low end during trading. By midday, the Shanghai aluminum main contract fell by 200 yuan/ton, a decrease of 0.85%. Today, spot market transactions were moderate, with aluminum prices dropping to a stage low. Downstream buyers are entering a stocking and sprint phase, with a good buying atmosphere. Holders are actively selling, and trading is lively. The discount for East China aluminum ingots further narrowed to around -150. (SHMET)