Central China Market Sees Recovery in Trading Sentiment; Transaction Prices Firm Up
Today, trading sentiment in the central China market recovered slightly again compared with the previous two days. Downstream processing enterprises' fear of high prices initially emerged, and their purchase willingness improved significantly. Moreover, traders' hedging sentiment for buying remained, and they continued to concentrate on large-scale purchases, driving suppliers to hold prices firm. Eventually, the actual transaction price range in the central China market was around a premium of -140 to -160 yuan/mt against the SHFE aluminum August contract.