SHFE Aluminum Futures Sideways, Central China Market Sluggish Amid Low Restocking Interest
Today, SHFE aluminum futures moved sideways with adjustments, while trading sentiment in the central China market remained sluggish. At the start of the week, downstream processing enterprises showed limited willingness to restock, having already made substantial purchases at previously low prices, which drove current market quotes lower. Additionally, with the holiday approaching, suppliers tended to reduce inventory and showed little inclination to hold prices firm, with only some major players maintaining high premiums. Ultimately, actual transaction prices in the central China market were around a discount of 70-100 yuan/mt against the SHFE aluminum October contract.