SHANGHAI, Aug. 21 (SMM) – SHFE 1709 aluminum performed well on Monday and ended at 16,380 yuan/tonne before lunchtime.
Traders were active in south China aluminum market out of bullishness, while downstream producers still showed low buying interest.
However, trading this week should be better than last week since orders have shown signs of improvement at downstream producers.
Mainstream traded prices were 16,180-16,200 yuan/tonne in Guangdong this morning, with premiums over Shanghai narrowing to 50 yuan/tonne.
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