Spot aluminium trades brisk in south China

Published: Aug 23, 2018 14:48 (GMT+8)

Save

Spot trades in the south on Thursday were bolstered by active transactions between traders

SHANGHAI, Aug 23 (SMM) – Spot aluminium traded briskly in south China on Thursday, bolstered by transactions between traders, SMM learned.

Most transactions in Guangdong were heard at 14,690-14,700 yuan/mt with a Guangdong-Shanghai price spread of 160 yuan/mt.

The SHFE September contract came off from early highs in the morning.

Aluminium billet stocks across local warehouses rose by 27.4% over the week ended August 23 to 59,000 mt while processing fees continued their decline.

Fees for the 90 mm were heard at 320-360 yuan/mt, fees for the 110/120 mm at 300-340 yuan/mt and fees for the 150/178 mm at 290-330 yuan/mt.

Meanwhile, trades in the east were less active than in the south, as downstream consumers purchased on demand. East China traders maintained normal levels of stocks after they restocked on lower prices.

Spot discounts were heard at 60-50 yuan/mt against the SHFE September contract in Shanghai with transactions mostly done at 14,530-14,550 yuan/mt. Transactions in Wuxi and Hangzhou were heard at 14,530-14,550 yuan/mt and 14,560-14,580 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 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

Oct 02, 2026 10:52 (GMT+8)

[SMM Flash News] South32 Revised Q4 '26 CIF MJP Premium Offer at US$265/mt

Market sources report: South32 revised Q4 '26 CIF MJP Premium Offer at US$265/mt, down from US$325/mt. Validity 5 October 2026.

Oct 02, 2026 10:52 (GMT+8)

Oct 01, 2026 17:48 (GMT+8)

India ADC 12 Holds Firm as LME Aluminium Falls; Tight Scrap Supply Limits Downside

India ADC 12 prices remained relatively resilient despite a 1.2% decline in LME aluminium 3-month prices between September 24 and 30.

Oct 01, 2026 17:48 (GMT+8)

Oct 01, 2026 17:09 (GMT+8)

Rio Tinto Secures Bell Bay Smelter Operations Through End-2031

Rio Tinto announced on October 1 that it had reached agreements with the Tasmanian Government, the Australian Commonwealth Government and Hydro Tasmania to extend electricity supply to the Bell Bay aluminium smelter through the end of 2031. The two governments will also provide a combined A$200 million support package over five years, contributing A$100 million each. Commercial terms of the power agreement were not disclosed. Bell Bay produces around 190,000 tonnes of primary aluminium annually, while its existing electricity contract was due to expire at the end of 2026. The agreement removes the smelter’s immediate operational uncertainty. Bell Bay is the third major Australian aluminium smelter to receive government-backed support in 2026, following Boyne and Tomago, highlighting continued pressure from high electricity costs and international competition.

Oct 01, 2026 17:09 (GMT+8)