Chalco Slashes Aluminum Prices in Major Markets on May 23

Published: May 23, 2017 15:21

Save

China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets sharply today after hike in previous day, it said on its WeChat.

SHANGHAI, May 23 (SMM) –China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets sharply today after hike in previous day, it said on its WeChat.

For details, please see the table below:

Unit: yuan/tonne

Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminum sales.

Aluminum Stocks in China Major Markets Fall for Two Weeks in A Row, SMM Reports

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

chalco Chalco aluminum price aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

High Aluminum Prices Dampen Peak Season, Central China Market Sees Cautious Procurement and Deep Discounts

Expectations for the September peak season diverged from the sluggish reality. With aluminum prices remaining high, downstream processing enterprises in central China continued to procure only small volumes as needed, stockpiling cautiously and focusing on reducing in-factory inventory. Only trading firms engaging in both spot and futures market made large purchases, while major suppliers showed limited willingness to sell due to the deep discount. Ultimately, actual transaction prices in the central China market ranged from a discount of 150-180 yuan/mt against the 09 contract.

1 hour ago

China's Cast Aluminum Alloy Inventory Rises for Fifth Week, Demand Improvement Slow

[SMM Aluminum Alloy Flash] China's social inventory of cast aluminum alloy ingots recorded 34,100 mt this week, up 1,100 mt WoW, marking the fifth consecutive week of inventory buildup. The traditional peak consumption season is gradually kicking off, but end-use demand improvement remains limited, with downstream purchases still mainly need-based and inventory digestion relatively slow. Meanwhile, purchases by some futures and spot traders and trade links continue to provide some support to social inventory. In the short term, as demand from the September peak season is gradually released, the pace of social inventory buildup may narrow, but the inventory inflection point still awaits further demand realization.

1 hour ago

3 hours ago

Low Inventory Supports Aluminum Prices to Consolidate at Highs; Peak Season Recovery Pace Awaits Verification [SMM Aluminum Morning Meeting Summary]

[Low inventory supports aluminum prices to consolidate at highs; peak-season recovery pace awaits verification] Overall, aluminum prices are expected to consolidate on a strong note in the short term.

3 hours ago