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East China Aluminum: Spot Quotations Stabilize with SHFE Aluminum Prices
Sep 22,2011 16:42CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 17,500-17,540/mt on September 22nd, with premiums of RMB 120-160/mt over SHFE current-month aluminum price.

SHANGHAI, Sept. 22 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 17,500-17,540/mt on September 22nd, with premiums of RMB 120-160/mt over SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,580-17,620/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,500-17,520/mt. Most active SHFE aluminum contract changed to 1112 today with a stabilized contract price, and spot quotations were also held stable by goods holders in response. Middle men were active in the market, but downstream buying interest remained low. Market transactions were moderate as a result.

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