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Home / Metal News / Uncertainty over SHFE Aluminum Hurts Spot Trading, SMM Reports

Uncertainty over SHFE Aluminum Hurts Spot Trading, SMM Reports

Sep 13, 2017 16:17

Trading cooled down in east China spot aluminum market on Wednesday due to uncertainty over SHFE aluminum price trend.

SHANGHAI, Sept. 13 (SMM) – Trading cooled down in east China spot aluminum market on Wednesday due to uncertainty over SHFE aluminum price trend.

LME Aluminum Net Long Positions Fall

Traders lost buying interest, while downstream producers restocked as needed.

Aluminum Stocks in China Seven Major Markets Begin to Fall from Peak, SMM Says

Mainstream traded prices were 16,290-16,340 yuan/tonne in Shanghai, discounts of 110-90 yuan/tonne over SHFE 1709 aluminum, versus 16,290-16,340 yuan/tonne in Wuxi and 16,310-16,340 yuan/tonne in Hangzhou.

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aluminum prices

SHFE 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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SHFE 1702 aluminum opened at RMB 12,635/mt and finally closed at RMB 12,790/mt.

Dec 27, 2016 17:37

SMM Comments

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SMM Insight

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SMM Insight

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SMM Comments

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SMM Comments

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Feb 16, 2016 16:47

SMM Comments

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

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Feb 2, 2016 10:27

SMM Comments

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Jan 25, 2016 17:59

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Uncertainty over SHFE Aluminum Hurts Spot Trading, SMM Reports

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