Home / Metal News / Tin / East China Aluminum: Prices Under Resistance with Lower Selling Interest
East China Aluminum: Prices Under Resistance with Lower Selling Interest
May 23,2012 13:34CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,970-16,000/mt on Wednesday.

SHANGHAI, May 23 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,970-16,000/mt on Wednesday, with discounts of RMB 10/mt to premiums of RMB 20/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,050-16,060/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,980-16,000/mt and traded prices in Hangzhou were between RMB 15,970-15,990/mt. SHFE aluminum prices gapped lower and spot prices fell below the RMB 16,000/mt mark. Selling interest of cargo holders was lower, resulting in spot premiums over SHFE aluminum prices. Transactions did not improve due to the depressed demand downstream.

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