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Oversupply Persists in East China Aluminum Market, SMM Reports
Aug 25, 2017 13:55Source:SMM
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.
Rusal Optimistic over Aluminum Outlook in H2 2017 on Tight Supply in China
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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