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Home / Metal News / Trades Flock to Spot Aluminum Market on Bullishness, SMM Reports

Trades Flock to Spot Aluminum Market on Bullishness, SMM Reports

iconSep 5, 2017 12:46
In east China spot aluminum market, traders bought actively out of bullishness, while downstream producers sourced only as needed as environmental issue hurt production. 

SHANGHAI, Sept. 5 (SMM) – In east China spot aluminum market, traders bought actively out of bullishness, while downstream producers sourced only as needed as environmental issue hurt production. 

Aluminum Premiums to Japanese Buyers Tumble in Q4 on Ample Supply in Asia

Mainstream traded prices were 16,160-16,200 yuan/tonne in Shanghai on Tuesday, discounts of 200-170 yuan/tonne over SHFE 1709 aluminum, versus 16,160-16,200 yuan/tonne in Wuxi and 16,160-16,180 yuan/tonne in Hangzhou. 

Commerzbank Sees Growing Possibility of Corrections in Base Metals

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aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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