Metals News
East China Aluminum: Prices Edge up after Delivery with Resistance Still Exists
smm insight

SHANGHAI, Mar. 16 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,960-15,990/mt on Friday, with discounts of RMB 60-90/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,050-16,080/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,970-15,990/mt. The SHFE current-month aluminum price stabilized at RMB 16,050/mt after delivery, driving quotations by traders in Shanghai spot market to RMB 16,000/mt. However, consumption remained soft, leaving spot discounts over the SHFE current-month aluminum price at nearly RMB 100/mt. Transactions in Wuxi were better than in Shanghai due to rigid demand from downstream buyers.

East China
aluminum price
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data