Trading Improves after Spot Aluminum Prices Fall below 16,000 yuan/tonne, SMM Reports

Aug 30, 2017 14:58

Downstream producers went bargain hunting after spot aluminum prices in east China market fell below 16,000 yuan/tonne.

SHANGHAI, Aug. 30 (SMM) – Downstream producers went bargain hunting after spot aluminum prices in east China market fell below 16,000 yuan/tonne.

Aluminum Price Rise Cycle Just Begins

Traders, who sold off goods previously out of pessimism, also entered to replenish stocks.

China Aluminum Inventories Grow further, SMM Says

Mainstream traded prices were 15,950-15,970 yuan/tonne in Shanghai, discounts of 210-200 yuan/tonne over SHFE 1709 aluminum, versus 15,940-15,960 yuan/tonne in Wuxi and 15,950-15,960 yuan/tonne in Hangzhou.

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SHFE aluminum prices

aluminum prices

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Trading Improves after Spot Aluminum Prices Fall below 16,000 yuan/tonne, SMM Reports

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