Home / Metal News / Zinc / SMM Daily Review - 2012/3/15 Aluminum Market
SMM Daily Review - 2012/3/15 Aluminum Market
Mar 16,2012 08:56CST
smm insight
Source:SMM
The most active SHFE aluminum contract for May delivery closed down RMB 25/mt or 0.15% at RMB 16,170/mt on Thursday.

SHANGHAI, Mar. 16 (SMM) – The most active SHFE aluminum contract for May delivery closed down RMB 25/mt or 0.15% at RMB 16,170/mt on Thursday while the Shanghai Composite Index dropped to 2,341 points, amid spreading worries towards industrial metals demand outlook damped by Chinese vow to maintain property curb.

Spot aluminum traded between RMB 15,920-15,960/mt in Shanghai, at discounts or premiums within RMB 20/mt over the SHFE current-month aluminum price on the last trading day before delivery date. Deals were limited as downstream buyers and middlemen stayed on the sidelines in the face of losses in the current-month SHFE aluminum price and weak demand.

aluminum price
aluminum Al
SHFE aluminum
spot aluminum
Shanghai

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news