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East China Aluminum: Goods Holders Diverge with Prices Meeting Resistance to Rise
Feb 17,2012 13:26CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,850-15,890/mt on Friday.

SHANGHAI, Feb. 17 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,850-15,890/mt on Friday, with discounts of RMB 100-130/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,950-15,970/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,820-15,850/mt. SHFE aluminum prices fell after opening higher, suppressing increase in spot prices. Goods holders diverged with some brands rarely seen, while goods supply for other brands was sufficient. However, downstream buying interest remained depressed, so transactions did not improve.

East China
aluminum price

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