East China Aluminum: Spot Discounts Expand with Sluggish Consumption-Shanghai Metals Market

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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 

Price

more
Aluminum Ingot
Apr.19
14050.0
40.0
(0.29%)
Alumina (Averaged)
Apr.19
2665.0
0.0
(0.00%)
Alumina-East
Apr.19
2680.0
0.0
(0.00%)
Alumina -Central
Apr.19
2670.0
0.0
(0.00%)
Alumina - North
Apr.19
2660.0
0.0
(0.00%)

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