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Home / Metal News / Weak SHFE Aluminum Hurts Buying Appetite in Spot Market, SMM Says

Weak SHFE Aluminum Hurts Buying Appetite in Spot Market, SMM Says

Aug 29, 2017 12:59

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.

CITIC Trust Buys into China Hongqiao on Optimism over Aluminum Industry

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

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SHFE aluminum prices

aluminum prices

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