Sluggish Trading in Central China Market Amid Safety Inspections and Low Downstream Demand
Today, the trading atmosphere in the central China market remained sluggish. Safety inspections slightly limited the production pace of downstream processing enterprises, and factories showed low purchasing enthusiasm, dragging down overall market buying sentiment. However, aluminum prices consolidated and rebounded, boosting some suppliers' inclination to sell. Suppliers were not keen to hold prices firm, and only large players maintained high premiums. Ultimately, actual transaction prices in the central China market ranged around a premium of -120 to -140 yuan/mt against the SHFE aluminum August contract.