[Al Price] East China Aluminum Prices Continue Falling, Spot Discounts Widen (Jul. 22, 2015)

Published: Jul 22, 2015 13:25

Save

Aluminum prices were mainly between RMB 12,180-12,190/mt in Shanghai on Wednesday, discounts of RMB 120-140/mt over August aluminum on the SHFE.

SHANGHAI, Jul. 22 (SMM) – Aluminum prices were mainly between RMB 12,180-12,190/mt in Shanghai on Wednesday, discounts of RMB 120-140/mt over August aluminum on the SHFE, versus RMB 12,180-12,190/mt in Wuxi and RMB 12,190-12,220/mt in Hangzhou. SHFE 1508 aluminum contract continued falling, triggering bearishness in spot market. Sellers rushed to sell, while processors bought only to need.

Al price Shanghai aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

Nickel Prices Hold Firm Despite Shipment Pressure; Downstream Demand Cautious and Sluggish

[SMM Nickel Flash] May 12 — On the supply side, supported by costs, the willingness to hold prices firm remained strong, though some enterprises slightly loosened their stance due to shipments pressure. Downstream steel mills maintained a cautious purchasing attitude, restocking primarily based on rigid demand, with notable resistance to high-priced sources, and end-user fear-of-heights sentiment showed no signs of easing. Overall market transactions were sluggish, and the price center declined.

12 hours ago

SMM Nickel News: High-Grade NPI Sentiment Index Dips, Market Sees Intense Seller-Buyer Competition

[SMM Nickel Flash] On May 12, the SMM high-grade NPI market sentiment index was 2.84, down 0.13 MoM, the high-grade NPI upstream sentiment index was 3.36, down 0.16 MoM, and the high-grade NPI downstream sentiment index was 2.33, down 0.09 MoM. The market fluctuated at highs, with intensifying competition between sellers and buyers.

12 hours ago

14 hours ago

Indonesian Nickel and Cobalt Prices See Mixed Movements on May 12

According to SMM data, on May 12, the FOB price of Indonesian MHP nickel fell by $29/mt Ni from the previous day, while the FOB price of Indonesian MHP cobalt rose by $10/mt Co. The FOB price of Indonesian high-grade nickel matte fell by $30/mt Ni from the previous day.

14 hours ago