Shanghai aluminum futures prices plummeted, while the transaction price of aluminum in Zhongyuan remained high.
The price of Shanghai aluminum futures plummeted in the night and early trading yesterday, as downstream processing enterprises in the central market showed a strong desire to purchase and increase their willingness to stock up. Trade merchants are inclined to quickly profit from the price difference, and the reluctance to sell at a low price is significant, driving market prices to remain high. The actual transaction price range in the central market ultimately revolved around a discount of 120-140 yuan/ton for the Shanghai aluminum 07 contract.
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