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Aluminum Prices in East China Jump on Two Factors, SMM Reports
Sep 27, 2017 17:16CST
Source:SMM
Aluminum prices in east China market rose notably on Wednesday thanks to pre-holiday stocking and higher SHFE aluminum.

SHANGHAI, Sept. 27 (SMM) – Aluminum prices in east China market rose notably on Wednesday thanks to pre-holiday stocking and higher SHFE aluminum.

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SHFE 1710 aluminum shot up to 16,445 yuan/tonne around 11 am.

SMM Analysis of Dramatic Fall in China August Aluminum Semis Exports 

In response, mainstream traded prices in Shanghai and Wuxi rose to 16,180-16,210 yuan/tonne. Suppliers in Hangzhou stopped making offers out of bullishness.

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