SHFE Aluminum Futures Fluctuate as Central China Market Sees Low Buying Sentiment and Sluggish Transactions
SHFE aluminum futures fluctuated and pulled back. After the holiday, downstream processing enterprises in the central China market showed low buying sentiment, still mainly focused on digesting inventories, and overall market transactions were relatively sluggish. Meanwhile, premiums met expectations. Recently, a large number of warrants flowed out, leading to a massive release of available supply in the market, and suppliers' willingness to hold prices firm was poor. Ultimately, the actual transaction price range in the central China market was around a discount of 80-110 yuan/mt against the SHFE aluminum July contract.