SHANGHAI, Aug. 30 (SMM) – Downstream producers went bargain hunting after spot aluminum prices in east China market fell below 16,000 yuan/tonne.
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Traders, who sold off goods previously out of pessimism, also entered to replenish stocks.
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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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