SHFE Aluminum Prices Rise Amid US-Iran Tensions, Central China Market Sees Sluggish Transactions

Published: Jul 29, 2026 10:11

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Amid fluctuations in the US-Iran conflict, the night session saw SHFE aluminum prices rise. Today, traders and downstream processing enterprises in central China mainly adopted a wait-and-see stance, with low purchase willingness, leading to sluggish market transactions. Some large suppliers held prices firm and held back from selling, while smaller suppliers showed weaker resolve to hold prices, resulting in a significant divergence between quotations and transactions. Ultimately, the actual transaction price range in the central China market was around a premium -100-140 yuan/mt against the SHFE aluminum August contract, with a continued weakening trend.

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