Aluminum Futures Rise Amid Sluggish Trading and Low Downstream Demand in Central China
Today, aluminum futures drifted higher amid consolidation. Trading activity in the central China market turned increasingly sluggish. Downstream processing enterprises showed low stockpiling sentiment ahead of the weekend, and purchases remained limited to small volumes for immediate needs, mainly to reduce finished product inventories. Suppliers rushed to sell in a price-collapse manner, and market prices fell all the way. In the end, the actual transaction price range in the central China market hovered at a premium - of 100-140 yuan/mt against the SHFE aluminum 09 contract.