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East China Aluminum: Spot Prices See-Saw with Stalemate between Sellers and Buyers
Mar 28,2012 13:52CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,990-16,010/mt on Wednesday.

SHANGHAI, Mar. 28 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,990-16,010/mt on Wednesday, with discounts of RMB 30-50/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 15,990-16,010/mt. The SHFE current-month aluminum price remained stable, coupled with the relatively relax liquidity, spot prices stuck to the RMB 16,000/mt mark, with sparse goods at low prices. However, downstream buyers still purchased on an as-needed basis, transactions made above RMB 16,000/mt were rarely reported. Spot prices see-sawed with sellers and buyers in a stalemate, and market was quiet.

East China
aluminum price

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