Trades in east China aluminium market brisk ahead of holidays

Published: Sep 19, 2018 14:58

Save

Most transactions were heard at 14,460-14,470 yuan/mt in Shanghai with discounts of 20-10 yuan/mt against the October contract

SHANGHAI, Sep 19 (SMM) – Trades in the spot aluminium market in east China were brisk on Wednesday September 19 as downstream consumers began to stockpile for the upcoming Mid-Autumn Festival and National Day holiday, SMM learned.

Sellers across the market were also keen to offload their cargoes as on-month spread of futures narrowed.

The SHFE aluminium contract for October delivery rose in the morning. Most transactions were heard at 14,460-14,470 yuan/mt in Shanghai with discounts of 20-10 yuan/mt against the October contract. Transactions were mostly done at 14,460-14,470 yuan/mt in Wuxi and 14,480-14,500 yuan/mt in Hangzhou.

Some downstream consumers in the south also began to make purchases for the Mid-Autumn Festival while local sellers held their offers firm.

Most transactions in Guangdong were done at 14,620-14,630 yuan/mt with Guangdong-Shanghai spread at 160 yuan/mt.

Processing fees for billet in Guangdong were heard at 320-360 yuan/mt for 90 mm. Fees for 110/120 mm were heard at 290-350 yuan/mt with those for 150/178 mm at 290-350 yuan/mt.

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

Feb 7, 2026 17:24

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

Feb 7, 2026 17:24

Feb 7, 2026 17:23

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

Feb 7, 2026 17:23

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

Feb 7, 2026 17:23