Home / Metal News / Copper / East China Aluminum: Replenishments Ahead of Weekend Lift Transactions
East China Aluminum: Replenishments Ahead of Weekend Lift Transactions
Jun 8,2012 13:06CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,880-15,900/mt Friday.

SHANGHAI, Jun. 8 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,880-15,900/mt Friday, and low-iron aluminum was traded between RMB 15,990-16,020/mt in Shanghai. The interest rate cut by China’s central bank failed to boost metal markets, while negative reports from European and the US dragged down SHFE aluminum prices. Bearish moods prevailed in spot aluminum market, cargo holders were actively selling goods in avoidance of downward risks, but buying interest in Shanghai aluminum market remained low. Some dealers even lowered prices to RMB 15,880/mt for sales. In Wuxi and Hangzhou, the replenishments ahead of weekend helped support aluminum prices to stabilize at RMB 15,900/mt, with transactions improving slightly.

spot aluminum
aluminum prices
East China aluminum

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