Oversupply Persists in East China Aluminum Market, SMM Reports

Published: Aug 25, 2017 13:55 (GMT+8)

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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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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