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Falling SHFE Aluminum Triggers Strong Bearishness in East China Market, SMM Reports
Sep 6,2017 15:55CST
smm insight
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. 

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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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