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East China Aluminum: Remarkable Contrast between Sellers and Buyers before Delivery Date
Dec 14,2011 14:12CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 16,030-16,060/mt on Tuesday.

SHANGHAI, Dec. 14 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 16,030-16,060/mt on Tuesday, with premiums of RMB 0-20/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,080-16,120/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,020-16,060/mt. SHFE aluminum prices kept falling, with the SHFE current-month aluminum price dropped to nearly RMB 16,000/mt. Being only 2 days away from delivery date, cargo holders were more willing to sell goods at prices with premiums over the SHFE current-month aluminum price. However, downstream consumption was sluggish due to financial pressure and scarce orders, dragging down aluminum prices. Deals were rarely made with remarkable contrast between sells and buyers.
 

East China
aluminum prices

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