Central China Aluminium market remained sluggish
Today, trading in the central China market remained sluggish. As the Chinese New Year holiday approached, downstream processing enterprises had largely completed pre-holiday stockpiling, with only minimal just-in-time procurement and some traders buying the dip for stockpiling. Today, the central China market shipment sentiment index was 2.72, down 0.01 WoW; the purchase sentiment index was 2.16, down 0.01 WoW. SMM central China closed at 23,170 yuan/mt, down 110 yuan/mt from the previous trading day, at a discount of 310 yuan/mt against the 2602 contract, down 20 yuan/mt from the previous trading day. The Henan-Shanghai price spread was -120 yuan/mt, flat from the previous trading day.