As per the Shanghai Metals Market (SMM) data, the prices have grown in all the provinces except in Shenyang where it has remained unchanged at RMB 20,340 per tonne. The prices in Gongyi, Foshan and Wuxi have gained RMB 40 per tonne to halt at RMB 20,250 per tonne, RMB 20,350 per tonne and RMB 20,380 per tonne.
In Hangzhou and Chongqing the prices have experienced the same hike to settle at RMB 20,410 per tonne and RMB 20,340 per tonne. On the same day, the prices in Tianjin and Linyi were increased by RMB 40 per tonne to peg at RMB 20,360 per tonne and RMB 20,310 per tonne.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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