Bargain Hunters Pour into Spot Market after SHFE Aluminum Falls, SMM Reports

SHANGHAI, Aug. 14 (SMM) – Downstream producers entered into east China spot market after SHFE 1708 aluminum fell over 200 yuan/tonne on Monday morning. 

Chinese Aluminum Smelters Reap Huge Profit, SMM Says
Sellers became unwilling to sell after declines in SHFE aluminum, while traders showed modest willingness to buy, SMM found. 

China Aluminum Stocks to Exceed 1.8 Million Tonnes in Q1 2018, SMM Predicts
Mainstream traded prices were 15,520-15,540 yuan/tonne in Shanghai, 15,520-15,540 yuan/tonne in Wuxi, and 15,560-15,580 yuan/tonne in Hangzhou.   

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