Home / Metal News / Copper / East China Aluminum: Spot Price Fell below RMB 17,700/mt at Discounts
East China Aluminum: Spot Price Fell below RMB 17,700/mt at Discounts
Sep 15,2011 15:37CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 17,650-17,690/mt on September 15th, with discounts of RMB 0-50/mt over SHFE current-month aluminum price.

SHANGHAI, Sept. 15 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 17,650-17,690/mt on September 15th, with discounts of RMB 0-50/mt over SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,730-17,750/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,620-17,660/mt. As SHFE current-month aluminum contract price opened lower and moved down to near RMB 17,700/mt with a price gap of around RMB 200/mt over SHFE 1110 aluminum contract price, goods holders actively touted their goods with discounts widening to RMB 50/mt, dragging down spot aluminum price to below RMB 17,700/mt for the first time since August 9th. Though this move attracted some downstream buyers to purchase at lower prices, overall market supply was evidently excessive due to limited demand.

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