[Aluminum climbs above $3,300 as stalled Hormuz talks and record-low inventories fuel supply fears]

Aluminum futures prices rose for several consecutive days, while buying sentiment in the central China market remained sluggish. Downstream processing enterprises, constrained by factors such as insufficient off-season orders and high in-factory inventory, compounded by elevated aluminum prices, kept their buying sentiment at low levels, with a further declining trend. As aluminum prices climbed and premiums eased somewhat, suppliers' willingness to sell recovered slightly. Ultimately, the actual transaction price range in the central China market was centered around a discount of 100-140 yuan/mt against the SHFE aluminum August contract.