Home / Metal News / Aluminium / East China Aluminum: Sellers Hold Prices Firmly, Buying Interest Depressed
East China Aluminum: Sellers Hold Prices Firmly, Buying Interest Depressed
Mar 27,2012 14:16CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,970-16,010/mt on Tuesday.

SHANGHAI, Mar. 26 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,970-16,010/mt on Tuesday, with discounts of RMB 30-70/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,080-16,100/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,980-16,010/mt. SHFE aluminum prices failed to rise up due to a lack of upward momentum, combined with weak consumption downstream by month’s end, spot aluminum prices met strong resistance. Although some cargo holders held prices firmly above RMB 16,000/mt, those in urgent need of cash were still willing to sell goods at lower prices. Transactions were limited on the whole.
 

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