Home / Metal News / Copper / East China Aluminum: Pre-holiday Stock Building Ends, Goods Holders Wait
East China Aluminum: Pre-holiday Stock Building Ends, Goods Holders Wait
Sep 28,2011 14:12CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 17,110-17,150/mt on September 28th, with premiums of RMB 180-200/mt over the SHFE current-month aluminum price.

SHANGHAI, Sept. 28 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 17,110-17,150/mt on September 28th, with premiums of RMB 180-200/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,180-17,220/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,100-17,130/mt. Stock building before the coming National Day holiday has already ended, therefore inquiries and purchases were rarely seen. With the SHFE current-month aluminum contract struggling at RMB 17,000/mt and spot aluminum inventories staying at low levels, the wait-and-see sentiment gained strength among goods holders, keeping spot premiums over the SHFE current-month aluminum price near RMB 200/mt. Market transactions were sparse during the day as sellers and buyers argued over prices.

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