Uncertainty over SHFE Aluminum Hurts Spot Trading, SMM Reports

Published: Sep 13, 2017 16:17

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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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