Oversupply Persists in East China Aluminum Market, SMM Reports

Published: Aug 25, 2017 13:55

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Despite a slight pickup in downstream purchases, overall supply in east China aluminum market remained in surplus today.

SHANGHAI, Aug. 25 (SMM) – Despite a slight pickup in downstream purchases, overall supply in east China aluminum market remained in surplus today.

SMM Average Aluminum Price Continues Surging during Aug. 21-25, 2017

Traders were cautious about buying, SMM found.

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Mainstream traded prices were 16,190-16,210 yuan/tonne in Shanghai, discounts of 230-210 yuan/tonne over SHFE 1709 aluminum, 16,180-16,200 yuan/tonne in Wuxi, and 16,190-16,210 yuan/tonne in Hangzhou.

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