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Aluminum - SHMET Import Market Briefing 20170912

Date 9/12/2017 3:26:01 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 $30.75C. SHFE Spot/LME 3M arb flattened out at 7.76, suggesting importing may lose around RMB700/mt in spot market and RMB647/mt in forward market.

Aluminum oxide price continue to rise sharply. Raw materials shortage is expected to constantly support the aluminum price, with the inventory pressure constantly being the market focus at a late stage. There is a continued downturn in the market transaction, with no obvious increase in the trading volumes.

Report by SHMET