Central China Market Sees Rising Quotes Amid High Trading Activity and Sluggish Downstream Demand
Today, the transaction atmosphere in the central China market remained high. Trading firms engaging in both spot and futures market tended to purchase large volumes at low premiums, which boosted market quotes to gradually rise. However, downstream processing enterprises, constrained by insufficient end-user orders, kept their buying sentiment sluggish, with their purchase prices diverging significantly from those of the traders. Ultimately, the actual transaction prices in the central China market were in the range of premiums of -100 to -130 yuan/mt against the SHFE aluminum August contract.