Home / Metal News / Aluminium / Bargain Hunters Rush into Spot Market after SHFE Aluminum Falls Back, SMM Reports
Bargain Hunters Rush into Spot Market after SHFE Aluminum Falls Back, SMM Reports
Aug 23,2017 14:15CST
smm insight
Source:SMM
Traders and downstream producers rushed into east China spot aluminum market after SHFE aluminum fell back today.

SHANGHAI, Aug. 23 (SMM) – Traders and downstream producers rushed into east China spot aluminum market after SHFE aluminum fell back today.

UBS Raises Aluminum Price Forecast on More-than-Expected Closure in China

Mainstream traded prices were 15,900-15,920 yuan/tonne in Shanghai, discounts of 190-140 yuan/tonne over SHFE 1709 aluminum, 15,900-15,920 yuan/tonne in Wuxi, and 15,930-15,950 yuan/tonne in Hangzhou.

Citi and Societe Generale Express Divergent Views over Base Metals Price Outlook

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

SHFE aluminum prices
aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news