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Home / Metal News / Falling SHFE Aluminum Triggers Strong Bearishness in East China Market, SMM Reports

Falling SHFE Aluminum Triggers Strong Bearishness in East China Market, SMM Reports

Sep 6, 2017 15:55

Source:SMM

Bearishness prevailed in east China spot aluminum market on Wednesday as SHFE aluminum tumbled overnight.

SHANGHAI, Sept. 6 (SMM) – Bearishness prevailed in east China spot aluminum market on Wednesday as SHFE aluminum tumbled overnight.

China Aluminum Stocks Add further after Reaching All-Time High, SMM Says

Cargo holders became anxious to sell, while traders and downstream producers stayed out of the market.

Aluminum to Remain in Upward Track if China Intensifies Capacity Cuts and Environmental Crackdowns, SMM Says

Mainstream traded prices were 16,070-16,080 yuan/tonne in Shanghai, discounts of 150-130 yuan/tonne over SHFE 1709 aluminum, versus 16,070-16,080 yuan/tonne in Wuxi and 16,070-16,090 yuan/tonne in Hangzhou.

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aluminum prices

SHFE aluminum prices

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