Aluminum Prices Drop, Trading Sluggish in Central China Market
Aluminum prices fell repeatedly, and as this coincided with the Friday stockpiling cycle, buying sentiment among downstream processing enterprises in the central China market saw another slight correction from the previous session. However, overall trading atmosphere in the market remained sluggish, suppliers showed weak willingness to hold prices firm, and quotes continued to trend lower. Ultimately, actual transaction prices in the central China market were around premiums of -80 to -110 yuan/mt against the SHFE aluminum September contract.