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Weak SHFE Aluminum Hurts Buying Appetite in Spot Market, SMM Says
Aug 29,2017 12:59CST
smm insight
Source:SMM
Downstream producers in south China market watched from the sidelines today against weak SHFE aluminum.

SHANGHAI, Aug. 29 (SMM) –Downstream producers in south China market watched from the sidelines today against weak SHFE aluminum.

Aluminum Price Rise Cycle Just Begins

Cash crunch at month’s end curtailed trading among traders. Hence, overall trading was muted.

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Mainstream traded prices were 16,090-16,130 yuan/tonne in Guangdong, a premium of 90 yuan/tonne over Shanghai. 

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