Spot Discounts Keep Expanding in East China Aluminum Market, SMM Says

Published: Sep 20, 2017 10:41
Spot discounts in east China aluminum market expanded further on Wednesday morning.

SHANGHAI, Sept. 20 (SMM) – Spot discounts in east China aluminum market expanded further on Wednesday morning.

Aluminum Rod Processing Fees Fall Sharply, SMM Reports

Most suppliers asked for discounts of 190-180 yuan/tonne over SHFE 1710 aluminum.

Wait-and-see sentiment turned stronger among downstream producers, while traders made purchases for arbitrage.  

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
16 mins ago
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
Read More
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed
The US-Canada tariff war has escalated once again. Canada took the lead in imposing retaliatory tariffs on approximately $20 billion worth of US goods, and the US responded with tough countermeasures: starting September 15, a 50% tariff will be imposed on about 100 categories of Canadian products; starting September 29, imports of certain Canadian motor vehicles and dairy products will be further banned.
16 mins ago
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
19 mins ago
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
Read More
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns
The European Central Bank announced a 25 basis point hike in all three key interest rates, in line with market expectations. The central bank noted that the Middle East conflict continues to push up inflation, and inflation is expected to remain well above the target level for an extended period. According to people familiar with the matter, ECB officials expect to raise rates further, with the next move possibly coming as soon as October.
19 mins ago
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
19 mins ago
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
Read More
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%
CAAM data shows that in August, China's auto sales were 2.712 million units, down 5.1% YoY. Among them, NEV performance was impressive, with sales reaching 1.643 million units, up 17.8% YoY, accounting for 60.6% of total new vehicle sales. In terms of exports, auto exports in August were 1.01 million units, up 65.3% YoY; NEV exports were 526,000 units, up 1.3x YoY.
19 mins ago
Spot Discounts Keep Expanding in East China Aluminum Market, SMM Says - Shanghai Metals Market (SMM)