South China sees brisk spot aluminium trades

Published: Jul 18, 2018 15:09

Save

Trades were brisk on Jul 18 as sellers were willing to offload cargoes and as traders and downstream consumers were keen to purchase

SHANGHAI, Jul 18 (SMM) – Trading in the south China spot aluminium market was brisk on Wednesday July 18 as sellers were willing to offload cargoes and as traders and downstream consumers were keen to purchase, SMM learned.

The SHFE 1808 contract hovered within a narrow range in the morning.

Transactions in Guangdong were heard at 13,990-14,000 yuan/mt with the Guangdong-Shanghai price spread at 80 yuan/mt.

Processing fees for billet inched up, with the 90 mm trading at 500-540 yuan/mt. The fees for the 120 mm mostly traded at 490-510 yuan/mt and those for 150/178 mm traded at 420-450 yuan/mt.

Trading in east China was also stable, without volatility in aluminium prices.

In Shanghai, most transactions were done at 13,900-13,910 yuan/mt with discounts of 80-70 yuan/mt against the SHFE 1808 contract. In Wuxi and Hangzhou, transactions were heard at 13,900-13,910 yuan/mt and 13,910-13,930 yuan/mt, respectively.

Market commentary Aluminium

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

28 mins ago

LME Aluminum Inventory Down 0.56% to 440,300 mt on March 17, Drops 8.56% Over Past Month

[SMM Aluminum Flash News] On March 17, LME aluminum inventory stood at 440,300 mt, down 2,500 mt from the previous day, a decrease of 0.56%; over the past week, LME aluminum inventory decreased by a cumulative 12,100 mt, a drop of 2.66%; over the past month, LME aluminum inventory decreased by a cumulative 41,200 mt, a decline of 8.56%.

28 mins ago

1 hour ago

The aluminum ingot market showed a mild recovery, while aluminum billet processing fees remained under pressure [SMM South China Spot Aluminum Daily Review]

1 hour ago

SHFE Cast Aluminum Alloy Warrants Drop to 53,078 MT, Down 362 MT from Previous Day

[SMM Flash News] SHFE data showed that as of March 17, the total registered volume of cast aluminum alloy warrants was 53,078 mt, a decrease of 362 mt from the previous trading day. By region, the total registered volumes were Shanghai (4,508 mt, down 92 mt), Guangdong (18,792 mt, down 300 mt), Jiangsu (6,818 mt, up 392 mt), Zhejiang (17,338 mt, down 332 mt), Chongqing (4,114 mt, unchanged), and Sichuan (1,508 mt, down 30 mt).

1 hour ago