SHFE Cast Aluminum Alloy Warrants Increase by 1,388 mt to 37,534 mt on May 18

SMM May 18: Aluminum futures prices continued to pull back today. Buying sentiment in the central China market recovered somewhat, with downstream processing enterprises showing stronger purchase willingness. However, some suppliers adopted a wait-and-see attitude, and shipment sentiment weakened. The mainstream transaction price range in the central China market ultimately centered around a premium of 10 yuan to a premium of 30 yuan over the central China price, with a trend of continued strengthening. The shipment sentiment index for the central China market was 2.82 today, down 0.01 MoM; the purchasing sentiment index was 2.29, up 0.03 MoM.

SMM May 18: In early trading, SHFE aluminum 2606 contract fluctuated downward, with the overall price center significantly lower than the previous trading day. Today, market purchasing sentiment remained at a weak level. Affected by the sharp decline in aluminum prices, some sellers held back from selling, with strong sentiment to hold prices firm. The mainstream spot quotation ranged from SMMA00-10 yuan/mt to the average price. The shipment sentiment index for the east China market was 2.9 today, down 0.1 MoM; the purchasing sentiment index was 2.83, flat MoM.