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East China Aluminum: No Transaction with Prevailing Holiday Atmosphere
Sep 30,2011 14:22CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 17,020-17,040/mt on September 30th, with premiums of RMB 200-220/mt over the SHFE current-month aluminum price.

SHANGHAI, Sept. 30 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 17,020-17,040/mt on September 30th, with premiums of RMB 200-220/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,100-17,140/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,000-17,040/mt. Climbing SHFE current-month aluminum price during the day pushed spot aluminum price back to above RMB 17,000/m again. As most market players have exited the market on the last trading day before the National Day holiday, and with reduced business time at banks on the last business day in the 3rd quarter, suppliers and buyers rarely entered the market. Lanlv, Qingtongxia branded high quality aluminum ingots as well as low-iron aluminum ingots were hardly seen. No market transaction was seen during today’s trading.

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