STEELGURU
Nonferrous market report in China
Edited by : AL CIRCLE
1 min read
In August,domestic prices of aluminum ingot metal fell sharply because of the overall metal and financial market bearish sentiment.Many market participants believe the recent fast rise in aluminum prices will actually give the market a callback opportunity. Aluminum ingot is still sought after and is a market driving force.In the case of cumulative decline, aluminum users are prepared to enter the market for purchases.
SHFE aluminum funds continue to flee.Later in the month, aluminum makers’ orders finished at uneven levels.Although the aluminum market trend is still far from satisfactory, most market participants still have expectations of aluminum pricing displaying some growth which is mainly from the continued short supply of aluminum ingots.
SHFE aluminum funds continue to flee.Later in the month, aluminum makers’ orders finished at uneven levels.Although the aluminum market trend is still far from satisfactory, most market participants still have expectations of aluminum pricing displaying some growth which is mainly from the continued short supply of aluminum ingots.
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