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East China Aluminum: Selling Interest Low with Prices Close to RMB 16,000/mt
May 11,2012 14:00CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 16,020-16,040/mt on Friday.

SHANGHAI, May 11 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 16,020-16,040/mt on Friday, with discount of RMB 0-10/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,140-16,160/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,040-16,060/mt and traded prices in Hangzhou were between RMB 16,020-16,040/mt. China’s April CPI rise was reported eased from a month ago, the slowing economic growth strengthened market expectations on stimulus policies. SHFE aluminum prices opened lower and moved down Friday, with spot prices dropping accordingly to nearly RMB 16,000/mt. Cargo holders were unwilling to move goods due to lower prices, while purchases by downstream buyers were sparse. Transactions were modest with market players watching on the sidelines.

aluminum price
East China

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