East China Aluminum: Spot Discounts Expand with Sluggish Consumption

SMM Insight 01:31:51PM Feb 16, 2012 Source:SMM

SHANGHAI, Feb. 16 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,850-15,880/mt on Thursday, with discounts of RMB 90-120/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,920-15,950/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,800-15,840/mt. Spot discounts over the SHFE current-month aluminum prices expanded above RMB 100/mt on the delivery day. Buying interest among downstream enterprises was low while goods holders were actively moving goods, dragging aluminum prices down. Limited transactions were made in the market.

Key Words:  East China   aluminum price 

East China Aluminum: Spot Discounts Expand with Sluggish Consumption

SMM Insight 01:31:51PM Feb 16, 2012 Source:SMM

SHANGHAI, Feb. 16 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,850-15,880/mt on Thursday, with discounts of RMB 90-120/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,920-15,950/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,800-15,840/mt. Spot discounts over the SHFE current-month aluminum prices expanded above RMB 100/mt on the delivery day. Buying interest among downstream enterprises was low while goods holders were actively moving goods, dragging aluminum prices down. Limited transactions were made in the market.

Key Words:  East China   aluminum price