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East China Aluminum: Both Selling and Buying Interest Stay Low
Dec 13,2011 14:18CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 16,100-16,130/mt on Tuesday.

SHANGHAI, Dec. 13 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 16,100-16,130/mt on Tuesday, with premiums of RMB 10-40/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,180-16,200/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,080-16,120/mt. The SHFE current-month aluminum price opened lower and was under pressure at RMB 16,100 mark. In spot market, goods holders were unwilling to move goods resulting in spot premiums over the SHFE current-month aluminum price. However, premiums were narrowed due to low downstream buying interest. The dropping aluminum prices caused strong bearish moods in the market, with limited transactions done on Tuesday.

East China
aluminum prices

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