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East China Aluminum: Consumption Quiet at Month End, Prices Lack Momentum to Rise
Feb 27,2012 13:43CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,890-15,920/mt on Monday.

SHANGHAI, Feb. 27 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,890-15,920/mt on Monday, with discounts of RMB 130-160/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,000-16,040/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,870-15,910/mt. SHFE aluminum prices failed to rise along with LME aluminum prices due to a lack of momentum, with spot prices only increasing slightly. Consumption became quieter at month end, and spot discounts over the SHFE current-month aluminum price tended to expand. In Wuxi, some cargo holders were not willing to move goods, driving spot discounts to narrow, but transactions were still modest.

East China
aluminum price

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