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

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Home / Metal News / Aluminium / 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

CST

smm insight

Source:SMM

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.

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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.

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SHFE aluminum prices

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Oct 23, 2017 09:44 timezone

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LME Aluminum to Struggle around Moving Averages (2017-10-23)

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LME aluminum will move within USD 2,130-2,150/mt today.

Sep 29, 2017 09:17 timezone

CST

price review & forecast

SHFE Aluminum to Continue Struggling (2017-9-29)

Aluminum Prices in East China Jump on Two Factors, SMM Reports

Aluminum prices in east China market rose notably on Wednesday thanks to pre-holiday stocking and higher SHFE aluminum.

Sep 27, 2017 17:16 timezone

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smm insight

Aluminum Prices in East China Jump on Two Factors, SMM Reports

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Aluminum processors in east China are in a rush to make purchases on Wednesday morning for upcoming 2017 Chinese National Day holiday (Oct. 1-7) now that aluminum prices have fallen back.

Sep 27, 2017 11:05 timezone

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smm insight

Aluminum Processors in East China Busy Stocking before Upcoming Week-Long Holiday, SMM Says

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price review & forecast

SHFE Aluminum to Trade in Narrow Range (2017-9-27)

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

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

Sep 14, 2017 17:03 timezone

CST

smm insight

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

SHFE Aluminum to Rise further (2017-9-12)

LME aluminum will range USD 2,110-2,135/mt today, seeking support from SHFE aluminum.

Sep 12, 2017 09:35 timezone

CST

price review & forecast

SHFE Aluminum to Rise further (2017-9-12)

LME Aluminum to Fall further (2017-9-11)

LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness.

Sep 11, 2017 09:46 timezone

CST

price review & forecast

LME Aluminum to Fall further (2017-9-11)

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CST

price review & forecast

SHFE Aluminum Rally Boosts Buying Appetite in Spot Market, SMM Reports

Traders flocked to east China spot market out of bullishness after SHFE 1709 aluminum rebounded, while downstream producers still bought as needed.

Sep 1, 2017 12:18 timezone

CST

smm insight

SHFE Aluminum Rally Boosts Buying Appetite in Spot Market, SMM Reports

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