LME Aluminum Hits Over 2-Year High after Higher-than-Expected Cut Rumor at Weiqiao Group, SMM Reports

Published: Aug 9, 2017 12:11

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LME aluminum hit its highest level since December 2014 at $ 2,035/tonne last night as rumor is flying about output cut at Weqiao Group.

SHANGHAI, Aug. 9 (SMM) – LME aluminum hit its highest level since December 2014 at $ 2,035/tonne last night as rumor is flying about output cut at Weiqiao Group.

When Will China Aluminum Stocks Peak After Hitting Record High? SMM Reports

Meanwhile, SHFE 1710 aluminum also recorded its new high since May 2012 at 16,330 yuan/tonne last night.

Breaking News: Weiqiao Group and Xinfa Group Ordered to Close Illegal Aluminum Capacity

Rumor has it that Weiqiao Group said its output cuts will be higher than expected.

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LME aluminum prices SHFE aluminum prices aluminum prices weiqiao group

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