Big SHFE Aluminum Volatility Dampens Trading in East China Market, SMM Reports

Aug 22, 2017 13:27

SHFE 1709 aluminum tumbled 150 yuan/tonne after opening on Tuesday , and then recovered some losses.

SHANGHAI, Aug. 22 (SMM) – SHFE 1709 aluminum tumbled 150 yuan/tonne after opening on Tuesday , and then recovered some losses.

IAI: Primary Aluminum Daily Output outside China Unchanged in July, But Falls in China

Sellers in east China sold actively. Traders took a wait-and-see stance, while downstream producers bought as needed. Overall trading was poor.

Industry Insiders Bullish over Base Metals in H2 2017

Mainstream traded prices were 16,060-16,070 yuan/tonne in Shanghai, 16,060-16,070 yuan/tonne in Wuxi, and 16,070-16,090 yuan/tonne in Hangzhou.

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SHFE aluminum prices

aluminum prices

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Big SHFE Aluminum Volatility Dampens Trading in East China Market, SMM Reports

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