East China Aluminum: Purchases Rarely Reported, Traders Unwilling to Sell at Low Prices-Shanghai Metals Market

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East China Aluminum: Purchases Rarely Reported, Traders Unwilling to Sell at Low Prices

SMM Insight 01:40:29PM May 22, 2012 Source:SMM

SHANGHAI, May 21 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 16,040-16,070/mt on Tuesday, with discounts of RMB 0-30/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,130-16,150/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,060-16,080/mt and traded prices in Hangzhou were between RMB 16,060-16,080/mt. The SHFE current-month aluminum price fluctuated narrowly and failed to rise higher, leaving stronger wait-and-see mood in spot market. Purchases were sparse while traders were not willing to move goods at low prices, resulting in light trading.

Key Words:  aluminum price   East China 

East China Aluminum: Purchases Rarely Reported, Traders Unwilling to Sell at Low Prices

SMM Insight 01:40:29PM May 22, 2012 Source:SMM

SHANGHAI, May 21 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 16,040-16,070/mt on Tuesday, with discounts of RMB 0-30/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,130-16,150/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,060-16,080/mt and traded prices in Hangzhou were between RMB 16,060-16,080/mt. The SHFE current-month aluminum price fluctuated narrowly and failed to rise higher, leaving stronger wait-and-see mood in spot market. Purchases were sparse while traders were not willing to move goods at low prices, resulting in light trading.

Key Words:  aluminum price   East China