Home / Metal News / Steel & Iron Ore / East China Aluminum: Spot Prices Continue to Fall with Most Transactions Done at Low Prices
East China Aluminum: Spot Prices Continue to Fall with Most Transactions Done at Low Prices
May 10,2012 13:19CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 16,060-16,080/mt on Thursday.

SHANGHAI, May 10 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 16,060-16,080/mt on Thursday, with discount of RMB 10/mt to premiums of RMB 10/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,150-16,170/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,080-16,100/mt and traded prices in Hangzhou were between RMB 16,060-16,080/mt. SHFE aluminum prices continued downtrends and dragged down spot prices. Demand from enterprises downstream remained weak, while cargo holders were not willing to move goods at low prices. Most transactions were made at low prices with trading still modest.

aluminum price
East China

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