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Home / Metal News / Traders Rush to Spot Market after SHFE Aluminum Surges, SMM Reports

Traders Rush to Spot Market after SHFE Aluminum Surges, SMM Reports

iconAug 31, 2017 13:37
Source:SMM
Traders jumped into east China spot market to stockpile goods after SHFE 1709 aluminum rose sharply today. 

SHANGHAI, Aug. 31 (SMM) – Traders jumped into east China spot market to stockpile goods after SHFE 1709 aluminum rose sharply today. 

SMM Aluminum Monthly Average Price Soars in August

Downstream producers, on the other hand, bought as needed.

Macquarie Raises Iron Ore and Aluminum Price Forecasts on China Demand

Mainstream traded prices were 16,120-16,140 yuan/tonne in Shanghai, discounts of 230-220 yuan/tonne over SHFE 1709 aluminum, versus 16,120-16,140 yuan/tonne in Wuxi and 16,120-16,140 yuan/tonne in Hangzhou.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

SHFE aluminum prices
aluminum prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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