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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
Source: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. 

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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