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Home / Metal News / East China Aluminum: Spot Price Hits RMB 17,900/mt, Unwillingness to Sell Remains Strong

East China Aluminum: Spot Price Hits RMB 17,900/mt, Unwillingness to Sell Remains Strong

Jul 25, 2011 15:10

Source:SMM

SHANGHAI, Jul. 25th (SMM) – Traded prices of spot aluminum in Shanghai on July 25th were between RMB 17,870-17,900/mt,

SHANGHAI, Jul. 25th (SMM) – Traded prices of spot aluminum in Shanghai on July 25th were between RMB 17,870-17,900/mt, with premiums of positive RMB 80-100/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,930-17,970/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,850-17,890/mt. After SHFE current-month aluminum prices opened higher and struggled at RMB 17,800/mt, spot aluminum prices also surged and hit RMB 17,900/mt. However, market transactions were limited since unwillingness to sell remains strong among goods holders.

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