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Home / Metal News / Spot Discounts Narrow Sharply in East China Aluminum Market, SMM Reports

Spot Discounts Narrow Sharply in East China Aluminum Market, SMM Reports

Sep 7, 2017 13:33

Spot discounts narrowed at a faster pace in east China spot aluminum market on Thursday.

SHANGHAI, Sept. 7 (SMM) – Spot discounts narrowed at a faster pace in east China spot aluminum market on Thursday.

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Overall trading activity softened.

Qujing Aluminum Restarts Idled Capacity after Four Years

Mainstream traded prices were 16,090-16,110 yuan/tonne in Shanghai, discounts of 100-90 yuan/tonne over SHFE 1709 aluminum, versus 16,090-16,110 yuan/tonne in Wuxi and 16,100-16,120 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

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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Spot discounts in east China aluminum market widened on Thursday, attracting some traders to make purchases.

Sep 14, 2017 17:03

SMM Insight

Wider Spot Discounts Lure Traders into East China Aluminum Market, SMM Reports

SHFE 1708 Aluminum Drifts Lower (2017-7-4)

SHFE 1708 aluminum moved down after opening at RMB 14,090/mt on Tuesday, touching an intraday low of RMB 14,005/mt in the afternoon.

Jul 4, 2017 18:02

SMM Comments

SHFE 1708 Aluminum Drifts Lower (2017-7-4)

LME Aluminum to Post Gains (2016-11-4)

LME aluminum will move at USD 1,720-1,740/mt on Friday and SHFE 1612 aluminum will range between RMB 13,400-13,600/mt.

Nov 4, 2016 09:46

SMM Comments

Chalco Cuts Aluminum Prices Sharply in Major Markets on Nov. 2

China Aluminum International Trading Co. (Chalco Trading) slashed aluminum prices it offered in major markets today, it said on its WeChat.

Nov 2, 2016 18:13

Reminder

Chalco Cuts Aluminum Prices Sharply in Major Markets on Nov. 2

LME Aluminum to Move Lower (2016-10-19)

LME aluminum should drop to USD 1,640-1,665/mt on Wednesday and SHFE 1612 aluminum is expected to range between the 5 and 10-day moving averages at RMB 12,650-12,800/mt.

Oct 19, 2016 09:45

SMM Comments

China, US Agree over Aluminum Capacity Cuts at G20 Summit

China and the US have reached a consensus at the G20 Summit to join hands in combating global aluminum overcapacity, yicai.com reported.

Sep 7, 2016 10:33

SMM Comments

Baosteel to Put Online 700 Million Aluminum Can Project

Baosteel will put online its aluminum can project in Heilongjiang province next month and plans to more than double the capacity in the future, cnmn.com reported.

Apr 27, 2016 11:38

Reminder

SHFE Aluminum to Hover at Highs (2016-3-3)

SHFE 1605 aluminum has found solid support at the 5-day moving average, and should move highs at RMB 11,300-11,420/mt on Thursday.

Mar 3, 2016 09:17

SMM Comments

SHFE Aluminum Breaks Through RMB 11,000/mt (2016-2-16)

SHFE 1604 aluminum opened at RMB 10,900/mt on Tuesday.

Feb 16, 2016 16:47

SMM Comments

About 51% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

About 51% of the 35 Chinese aluminum smelters surveyed by SMM see aluminum prices fall this week.

Feb 2, 2016 10:27

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Spot Discounts Narrow Sharply in East China Aluminum Market, SMM Reports

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