SHFE Aluminum Surges as Market Gets Sensationalized by Off-Peak Production Program in Hebei, SMM Reports

Published: Aug 7, 2017 12:03

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SHFE aluminum prices soared this morning as speculative capital poured in following release of Program for Off-Peak Production during Winter Heating Season by Hebei Province.

SHANGHAI, Aug. 7 (SMM) – SHFE aluminum prices soared this morning as speculative capital poured in following release of Program for Off-Peak Production during Winter Heating Season by Hebei Province.

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SMM sees no impact on aluminum and alumina production since there are no aluminum smelters and alumina refineries in operation in the province at present.

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However, market sees the program by Hebei as a signal that there is growing possibility for other regions to control aluminum and alumina production for environmental reason.

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SHFE 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.

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