SHANGHAI, Jul. 19 (SMM) -- Traded prices of spot aluminum in Shanghai on July 19 were RMB 17,750-17,780/mt, with premiums of positive RMB 60-80/mt over SHFE current-month aluminum contract prices. Low-iron aluminum was traded between RMB 17,780-17,820/mt. Traded spot aluminum prices in Wuxi were between RMB 17,750-17,780/mt. As SHFE aluminum prices kept rising, spot aluminum holders were increasingly bullish toward aluminum prices. Unwillingness to sell was also strong among goods holders due to low inventories. However, purchases were falling as spot aluminum prices rose. As a result, market transactions were quite limited.
Copyright © SMM. All Rights Reserved.
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: firstname.lastname@example.org