Traders Flood into Aluminum Market on Growing Bullishness, SMM Reports

Published: Aug 17, 2017 17:15

Save

Traders in both east and south China markets sourced goods actively today as two consecutive days of rally in SHFE aluminum fueled their optimism.

SHANGHAI, Aug. 17 (SMM) – Traders in both east and south China markets sourced goods actively today as two consecutive days of rally in SHFE aluminum fueled their optimism.

Aluminum Bulls Watch Out: Crazy Speculations Mask Poor Market Fundamentals, SMM Warns

Downstream producers, by contrast, were unwilling to buy at current high prices.

Aluminum Stocks Surge in China Seven Major Markets, SMM Says

Prices in Guangdong mainly traded between 16,280-16,300/tonne, versus 16,200-16,240 yuan/tonne in Shanghai.

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

aluminum prices 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.

For any inquiries or to learn 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

2 mins ago

Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices

According to big data from the commerce sector, as of February 5, a total of 335,000 subsidy applications had been received for the 2026 auto trade-in policy, effectively boosting new auto sales with a total value of 53.77 billion yuan. Further observation revealed that the average price of new cars involved in the trade-in activity in January exceeded the 160,000 yuan mark, showing a significant increase compared to the previous year.

2 mins ago

4 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

4 hours ago

22 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

22 hours ago