Metals News
SMM Daily Review - 2012/5/4 Aluminum Market
smm insight
08:53AM
May 7,2012
Source:SMM

SHANGHAI, May 7 (SMM) – The most active SHFE aluminum contract for August delivery opened lower at RMB 16,305/mt and closed down RMB 30/mt or 0.18% at RMB 16,335/mt on Friday, with transacted contracts dropping by half. The contract consolidated at the RMB 16,300/mt mark, however, showing more stability than other base metals.

Spot aluminum traded between RMB 16,150-16,180/mt in Shanghai, at discounts of RMB 0-30/mt over the current-month SHFE aluminum contract. Stock replenishment did not show up ahead of the weekend due to weak demand. Goods holders held quotations at RMB 16,150/mt and deals were done mostly at the low end.

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 Price

No Data