East China Aluminum: Transactions Show No Improvements with Tight Cash Flow by Month End-Shanghai Metals Market

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East China Aluminum: Transactions Show No Improvements with Tight Cash Flow by Month End

SMM Insight 01:27:27PM Feb 29, 2012 Source:SMM

SHANGHAI, Feb. 29 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,880-15,910/mt on Wednesday, with discounts of RMB 130-160/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,980-16,020/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,880-15,910/mt. On the last trading day in February, cash flow was relatively tight, depressing trading sentiments of both sellers and buyers. Combined with the falling SHFE aluminum prices, low end prices for spot aluminum moved down slightly to RMB 15,880/mt. Transactions did not improve with sufficient goods supply and low buying interest.
 

Key Words:  East China   aluminum price 

East China Aluminum: Transactions Show No Improvements with Tight Cash Flow by Month End

SMM Insight 01:27:27PM Feb 29, 2012 Source:SMM

SHANGHAI, Feb. 29 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,880-15,910/mt on Wednesday, with discounts of RMB 130-160/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,980-16,020/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,880-15,910/mt. On the last trading day in February, cash flow was relatively tight, depressing trading sentiments of both sellers and buyers. Combined with the falling SHFE aluminum prices, low end prices for spot aluminum moved down slightly to RMB 15,880/mt. Transactions did not improve with sufficient goods supply and low buying interest.
 

Key Words:  East China   aluminum price