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Home / Metal News / Traders Flood into Aluminum Market on Growing Bullishness, SMM Reports

Traders Flood into Aluminum Market on Growing Bullishness, SMM Reports

iconAug 17, 2017 17:15
Source: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. 

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 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

For more information on how to access our research reports, please email service.en@smm.cn

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