Home / Metal News / Copper / East China Aluminum: Spot Price Steady at RMB 18,500/mt with Low Selling Interest
East China Aluminum: Spot Price Steady at RMB 18,500/mt with Low Selling Interest
Aug 2,2011 13:27CST
smm insight
Source:SMM
SHANGHAI, Aug. 2 (SMM) – Morning traded prices of spot aluminum in Shanghai on August 2nd were between RMB 18,500-18,530/mt

SHANGHAI, Aug. 2 (SMM) – Morning traded prices of spot aluminum in Shanghai on August 2nd were between RMB 18,500-18,530/mt, with premiums of positive RMB 50-80/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,580-18,620/mt. Traded prices of spot aluminum in Wuxi were between RMB 18,500-18,530/mt. After SHFE current-month aluminum prices opened lower and tested RMB 18,500/mt, selling interest at lower prices turned low among goods holders, which helped spot aluminum prices consolidate at RMB 18,500/mt. Market transactions were slightly sluggish due to strong wait-and-see sentiment among downstream buyers and middlemen.


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: service.en@smm.cn

aluminum price
aluminum Al

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news