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.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.