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

Published: Aug 07, 2017 12:03 (GMT+8)

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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.

SMM Data: China Aluminum Output Jumps in July

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

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