Central China Market Sees Limited Selling, Downstream Firms Hesitant Amid Price Decline Fears

Published: Jun 24, 2026 14:38
The morning session pulled back sharply from yesterday. In the central China market, traders raised their offers, and at these low prices, suppliers showed limited selling sentiment, with a notable intention to hold prices firm and hold back from selling. Downstream processing enterprises exhibited clear fear of price declines, creating a strong wait-and-see atmosphere, and buying sentiment fell in tandem. Ultimately, actual transaction prices in the central China market centered around a discount of 60-90 yuan/mt against the SHFE aluminum July contract.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SHFE Cast Aluminum Alloy Warrants Drop to 33,243 MT on June 24
4 mins ago
SHFE Cast Aluminum Alloy Warrants Drop to 33,243 MT on June 24
Read More
SHFE Cast Aluminum Alloy Warrants Drop to 33,243 MT on June 24
SHFE Cast Aluminum Alloy Warrants Drop to 33,243 MT on June 24
[SMM Flash] Data from SHFE shows that on June 24, total registered warrants of cast aluminum alloy stood at 33,243 mt, a decrease of 453 mt from the previous trading day. Specifically, the registered volume in Shanghai was 3,558 mt, unchanged; in Guangdong, 5,199 mt, down 242 mt; in Jiangsu, 7,565 mt, down 121 mt; in Zhejiang, 10,730 mt, down 90 mt; in Chongqing, 5,346 mt, unchanged; and in Sichuan, 845 mt, unchanged.
4 mins ago
Data: SHFE, DCE market movement (Jun 24)
1 hour ago
Data: SHFE, DCE market movement (Jun 24)
Read More
Data: SHFE, DCE market movement (Jun 24)
Data: SHFE, DCE market movement (Jun 24)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Jun , 2026
1 hour ago
ADC12 Prices Drop as Aluminum Futures Weaken, Cost Pressures Ease Slightly
2 hours ago
ADC12 Prices Drop as Aluminum Futures Weaken, Cost Pressures Ease Slightly
Read More
ADC12 Prices Drop as Aluminum Futures Weaken, Cost Pressures Ease Slightly
ADC12 Prices Drop as Aluminum Futures Weaken, Cost Pressures Ease Slightly
[SMM Aluminum Alloy Daily Commentary] ADC12 market quotes generally fell today, with SMM ADC12 dropping 100 yuan/mt from the previous trading day to 24,000 yuan/mt. Recently, SHFE aluminum and cast aluminum alloy futures prices continued to weaken, leading to some loosening of aluminum scrap prices. Cost-side pressure eased slightly from earlier levels, providing room for the price decline. However, the tax receipt issue in the aluminum scrap market remained largely unresolved, making compliant raw material procurement difficult. Enterprises' actual production costs stayed at relatively high levels, offering strong support for ADC12 prices.
2 hours ago