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East China Aluminum: Spot Premiums Slightly Widen with Traders’ Support
Oct 26,2011 13:22CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 16,400-16,440/mt on October 26th, with premiums of RMB 20-50/mt over the SHFE current-month aluminum price.

SHANGHAI, Oct. 26 (SMM) -- Traded prices of spot aluminum in Shanghai were between RMB 16,400-16,440/mt on October 26th, with premiums of RMB 20-50/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,450-16,470/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,380-16,420/mt. The SHFE current-month aluminum price opened lower and narrowly fluctuated below RMB 16,400/mt. Though SHFE copper prices have been climbing during recent two days, aluminum prices are continuously falling. Spot aluminum supply remained excessive, its premiums over the SHFE current-month aluminum price, however, slightly widened as goods holders stuck to the RMB 16,400/mt mark.

 

aluminum price
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SHFE aluminum
Shanghai spot aluminum

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