Aluminum – market aluminum prices have fallen faster, with losses in some refineries

Date 3/14/2018 4:58:01 PM Source: SHMET

Traders reported that spot premiums CIF shanghai remained at level $95-$115 as usual, so did the physical warrants. LME C-3m valued edged to $21.25C. SHFE Spot/LME 3M arb flattened out at 6.58, suggesting importing may lose around RMB2553/mt in spot market and RMB2573/mt in forward market.

The decline rate of electrolytic aluminum cost fail to catch up with that of the market aluminum prices, with possible losses in some refineries. In the short term, aluminum prices are likely to rebound.Premium market sentiment remains in a lackluster state, with traders sitting on the sidelines. 

Edited by SHMET