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Home / Metal News / Bargain Hunters Pour into Spot Market after SHFE Aluminum Falls, SMM Reports

Bargain Hunters Pour into Spot Market after SHFE Aluminum Falls, SMM Reports

iconAug 14, 2017 16:47
Downstream producers entered into east China spot market after SHFE 1708 aluminum fell over 200 yuan/tonne on Monday morning. 

SHANGHAI, Aug. 14 (SMM) – Downstream producers entered into east China spot market after SHFE 1708 aluminum fell over 200 yuan/tonne on Monday morning. 

Chinese Aluminum Smelters Reap Huge Profit, SMM Says
Sellers became unwilling to sell after declines in SHFE aluminum, while traders showed modest willingness to buy, SMM found. 

China Aluminum Stocks to Exceed 1.8 Million Tonnes in Q1 2018, SMM Predicts
Mainstream traded prices were 15,520-15,540 yuan/tonne in Shanghai, 15,520-15,540 yuan/tonne in Wuxi, and 15,560-15,580 yuan/tonne in Hangzhou.   

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

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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