Aluminum - SHMET Import Market Briefing 20170913

Date 9/13/2017 6:18:19 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 $33C. SHFE Spot/LME 3M arb flattened out at 7.78, suggesting importing may lose around RMB609/mt in spot market and RMB700/mt in forward market.

The market hyped a policy of restricting production of electrolytic aluminum in heating season of Henan province and the initial falling in inventory. There is a continued downturn in the transaction of the import market, with no obvious increase in the trading volumes. 

Report by SHMET