SHFE Aluminum Rally Reignites Bullishness in East China Market, SMM Reports

Sep 19, 2017 13:20

SHFE 1710 aluminum rebounded to 16,495 yuan/tonne on Tuesday, reigniting optimism in east China spot market.

SHANGHAI, Sept. 19 (SMM) – SHFE 1710 aluminum rebounded to 16,495 yuan/tonne on Tuesday, reigniting optimism in east China spot market.

Deutsche Bank Sees Higher Aluminum Price on Tighter Supply

Sellers became less willing to sell, while traders rushed to buy. Downstream producers bought as needed against high prices.

Aluminum Stocks Add Further in China Seven Major Markets, SMM Says

Mainstream traded prices were 16,230-16,280 yuan/tonne in Shanghai, discounts of 240-220 yuan/tonne over SHFE 1710 aluminum, versus 16,230-16,280 yuan/tonne in Wuxi and 16,250-16,260 yuan/tonne in Hangzhou.

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SHFE aluminum prices

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SHFE Aluminum Rally Reignites Bullishness in East China Market, SMM Reports

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