East China Aluminum: Futures Lack upward Momentum, Spot Market Turns Sluggish

Dec 2, 2011 14:18

Traded prices of spot aluminum in Shanghai were between RMB 16,250-16,280/mt on Friday.

SHANGHAI, Dec. 2 (SMM) –Traded prices of spot aluminum in Shanghai were between RMB 16,250-16,280/mt on Friday, with premiums of RMB 0-30/mt over the SHFE current-month aluminum price. Traded prices of spot aluminum in Wuxi were between RMB 16,250-16,280/mt. SHFE aluminum prices struggled at RMB 16,240/mt on Friday lacking upward momentum, which resulted in a sluggish spot market. Traders lowered quotations due to low downstream buying interest, with spot premiums over the SHFE current-month aluminum price narrowing near zero. Transactions were relatively limited on the whole.

East China

Aluminum prices

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East China Aluminum: Futures Lack upward Momentum, Spot Market Turns Sluggish

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