Traders Flood into Aluminum Market on Growing Bullishness, SMM Reports

Published: Aug 17, 2017 17:15

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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.

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aluminum prices SHFE aluminum prices

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