East China Aluminum: Spot Price Increases Limited with Sparse Purchases Downstream

SMM Insight 03:25:43PM Jun 05, 2012 Source:SMM

SHANGHAI, Jun. 5 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,930-15,950/mt on Tuesday. Low-iron aluminum was traded between RMB 16,000-16,040/mt in Shanghai. The SHFE current-month aluminum contract price opened at RMB 15,950/mt, but did not boost buying interest in spot market. Cargo holders eager to sell goods but downstream purchases were sparse, leaving surplus in supply and limiting increases in spot price.
 

Key Words:  aluminum price   East China 

East China Aluminum: Spot Price Increases Limited with Sparse Purchases Downstream

SMM Insight 03:25:43PM Jun 05, 2012 Source:SMM

SHANGHAI, Jun. 5 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,930-15,950/mt on Tuesday. Low-iron aluminum was traded between RMB 16,000-16,040/mt in Shanghai. The SHFE current-month aluminum contract price opened at RMB 15,950/mt, but did not boost buying interest in spot market. Cargo holders eager to sell goods but downstream purchases were sparse, leaving surplus in supply and limiting increases in spot price.
 

Key Words:  aluminum price   East China