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

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.      

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