Aluminum Suppliers in East China Bullish over Prices After Chinese National Day Holiday, SMM Reports

Published: Sep 29, 2017 17:08

Save

Some suppliers in east China aluminum market showed low selling interest out of bullishness over post-holiday prices.

SHANGHAI, Sept. 29 (SMM) – Some suppliers in east China aluminum market showed low selling interest on the last trading day before the 2017 Chinese National Day Holiday and Mid-Autumn Festival (Oct. 1-8) out of bullishness over post-holiday prices.

Trading was thin since most processors have completed pre-holiday stocking.

Traded prices were mainly between RMB 16,130-16,140 yuan/tonne in Shanghai, discounts of 150-110 yuan/tonne over SHFE 1710 aluminum, versus 16,120-16,150 yuan/tonne in Wuxi and 16,150-16,190 yuan/tonne in Hangzhou.

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

SHFE aluminum prices aluminum prices

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 to learn 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

11 hours ago

SHFE Cast Aluminum Alloy Warrants Drop to 42,944 MT on March 25

[SMM Flash News] SHFE data showed that as of March 25, the total registered volume of cast aluminum alloy warrants was 42,944 mt, down 2,519 mt from the previous trading day. By region, the total registered volumes were Shanghai (2,635 mt, down 120 mt), Guangdong (16,686 mt, down 571 mt), Jiangsu (3,608 mt, down 601 mt), Zhejiang (12,565 mt, down 1,107 mt), Chongqing (3,664 mt, down 60 mt), and Sichuan (1,267 mt, down 60 mt).

11 hours ago

14 hours ago

Data: SHFE, DCE market movement (Mar 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 Mar , 2026

14 hours ago

16 hours ago

Sellers Show a Strong Willingness to Hold Prices Firm, While Transaction Premiums Continue to Narrow [SMM Spot Aluminum Midday Commentary]

16 hours ago