Chalco Cuts Aluminum Prices After Continuous Hike on July 18

Published: Jul 18, 2017 11:49
China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets today, it said on its WeChat.

SHANGHAI, Jul. 18 (SMM) –China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets today, it said on its WeChat.   

Potential Surplus from Aluminum Capacity Cuts to Weigh on Alumina Prices, SMM Warns

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 Prices to Fluctuate at Highs This Week, SMM Predicts

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.


 

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
China's Secondary Aluminum Alloy Prices Edge Up, Market Stable Amid Slow Demand Recovery
4 mins ago
China's Secondary Aluminum Alloy Prices Edge Up, Market Stable Amid Slow Demand Recovery
Read More
China's Secondary Aluminum Alloy Prices Edge Up, Market Stable Amid Slow Demand Recovery
China's Secondary Aluminum Alloy Prices Edge Up, Market Stable Amid Slow Demand Recovery
[SMM Secondary Aluminum Alloy Daily Review] China’s secondary aluminum alloy market quotations were generally stable with a slight rise today, with the SMM ADC12 price up 50 yuan/mt MoM to 24,050 yuan/mt. The rebound in aluminum prices and costs fluctuating at highs remained the core factors supporting enterprises to hold prices firm. However, the pace of downstream demand recovery was slow, order growth was modest, and some enterprises were concerned about whether deals could follow through after the price increase, with most choosing to hold prices stable and wait on the sidelines. In the near term, the market is likely to fluctuate in a narrow range with strong downside resistance, but upside room is also limited.
4 mins ago
ADC12 prices generally stable with slight rise, domestic-overseas inversion continues to repair [ADC12 Price Daily Review]
14 mins ago
ADC12 prices generally stable with slight rise, domestic-overseas inversion continues to repair [ADC12 Price Daily Review]
Read More
ADC12 prices generally stable with slight rise, domestic-overseas inversion continues to repair [ADC12 Price Daily Review]
ADC12 prices generally stable with slight rise, domestic-overseas inversion continues to repair [ADC12 Price Daily Review]
[ADC12 Price Daily: ADC12 Prices Generally Stable with Slight Rise, Inverted Domestic-Overseas Spread Continues to Narrow] Quotes in the secondary aluminum alloy market predominantly held steady with a slight rise today. The SMM ADC12 price increased by 50 yuan/mt from the previous trading day to 24,050 yuan/mt. The rebound in aluminum prices and high cost-side operations remained key factors supporting enterprise quotes. Tight supply of aluminum scrap and persistently high procurement costs kept enterprises' willingness to cut prices low.
14 mins ago
Futures Extend Gains, Spot Aluminum Weakens Under Pressure [SMM South China Aluminum Spot Daily Review]
2 hours ago
Futures Extend Gains, Spot Aluminum Weakens Under Pressure [SMM South China Aluminum Spot Daily Review]
Read More
Futures Extend Gains, Spot Aluminum Weakens Under Pressure [SMM South China Aluminum Spot Daily Review]
Futures Extend Gains, Spot Aluminum Weakens Under Pressure [SMM South China Aluminum Spot Daily Review]
2 hours ago