Home / Metal News / Copper / East China Aluminum: Transactions Quiet with Prices Struggling
East China Aluminum: Transactions Quiet with Prices Struggling
Mar 20,2012 13:17CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,970-16,000/mt on Tuesday.

SHANGHAI, Mar. 20 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,970-16,000/mt on Tuesday, with discounts of RMB 50-80/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,060-16,090/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,990-16,000/mt. The falling domestic stock markets affected base metals, but SHFE aluminum prices were relatively resilient to declines with the SHFE current-month aluminum price edging up slightly. Traders held prices firmly while wait-and-see sentiment downstream became stronger. Transactions were quiet and prices were hard to rise above the RMB 16,000/mt mark.
 

East China
aluminum price

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