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Home / Metal News / Aluminum Prices Soar in East China Market, SMM Reports

Aluminum Prices Soar in East China Market, SMM Reports

iconSep 12, 2017 13:18
Source:SMM
Aluminum prices in east China spot market gained as much as over 300 yuan/tonne on Tuesday from yesterday, leaving suppliers in a rush to sell.

SHANGHAI, Sept. 12 (SMM) – Aluminum prices in east China spot market gained as much as over 300 yuan/tonne on Tuesday from yesterday, leaving suppliers in a rush to sell.

Wider spot discounts lured traders in, while downstream producers turned away from higher prices.  

Mainstream traded prices were 16,170-16,210 yuan/tonne in Shanghai, discounts of 140-110 yuan/tonne over SHFE 1709 aluminum, versus 16,170-16,210 yuan/tonne in Wuxi and 16,180-16,200 yuan/tonne in Hangzhou. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

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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