SHFE Aluminum Futures Plunge, Central China Market Sees Low Trading Activity and Sluggish Demand

Published: Jun 30, 2026 09:58

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Today, SHFE aluminum futures plummeted, and the trading atmosphere in the central China market remained sluggish. Downstream processing enterprises exhibited a pronounced sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, mainly staying on the sidelines. Moreover, with it being the last trading day of June, processing plants mostly conducted stocktaking and digested inventories, leading to low buying sentiment. Additionally, the steep decline in absolute price also reduced suppliers' willingness to sell. Ultimately, the actual transaction price range in the central China market centered around a premium of -20 to -40 yuan/mt against the SHFE aluminum 07 contract.

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