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Home / Metal News / 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

iconAug 23, 2017 14:15
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

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SHFE aluminum prices
aluminum prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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