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Snapshot: Aluminium spot market in China

iconApr 3, 2018 13:46
Source:SMM
Trading was highly active in China's spot market on Tuesday April 3 as sellers were keen to destock, SMM learned. As the Qingming Festival approaches, downstream buyers also purchased actively

SHANGHAI, Apr 3 (SMM) – Trading was highly active in China's aluminium spot market on Tuesday April 3 as sellers were keen to destock, SMM learned. As the Qingming Festival approached, downstream buyers also purchased actively. 

In Shanghai and Wuxi, transactions were heard at 14,000-14,020 yuan/mt with spot discounts at 70-60 yuan/mt, while transactions in Hangzhou were seen at 14,010-14,030 yuan/mt.

SHFE aluminium gained significantly after it edged down today. Transactions in the Guangdong market were heard at 14,010-14,060 yuan/mt. The difference in prices between Shanghai and Guangdong narrowed to around 20 yuan/mt.

Processing charges for aluminium rod remained in an upward trend, and stood at a high of 680 yuan/mt at noon today.

 


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

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