SHFE Aluminum Prices Correct, Central China Market Sees Improved Shipment Sentiment Amid Lower Premiums
[SMM Central China Spot Aluminum Midday Review] SHFE aluminum prices experienced a slight correction. Shipment sentiment in the central China market improved further today compared to the previous two days, but downstream processing enterprises preferred to purchase at lower premiums, while suppliers showed weak willingness to hold prices firm. Market quotes declined continuously, gradually shifting from a discount of 100-110 yuan/mt against the SHFE aluminum July contract before market open to a discount of around 120-140 yuan/mt against the same contract, with the mainstream transaction range being at a discount of 120-140 yuan/mt against the SHFE aluminum July contract.