East China Aluminum: Aluminum Prices Fall with Purchases Limited -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Alumina
  • Aluminium
  • Steel
  • Copper scrap
  • Copper
  • Market commentary
  • Morning comments
  • Futures movement
  • Lead
  • Nickel
  • Evening comments
  • price
  • Inventory data
  • price forecast

East China Aluminum: Aluminum Prices Fall with Purchases Limited

SMM Insight 02:08:15PM Jun 20, 2012 Source:SMM

SHANGHAI, Jun. 20 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,720-15,740/mt Wednesday, and low-iron aluminum was traded between RMB 15,790-15,810/mt in Shanghai. SHFE aluminum prices fell alone when other base metals increased, dragging down spot aluminum prices. Cargo holders were not willing to move goods at low prices, causing spot premiums to expand to RMB 50/mt with mainstream traded prices hitting a new low of the year. However, transactions were limited, and both sellers and buyers waited on the sidelines.

Key Words:  aluminum price   spot aluminum 

East China Aluminum: Aluminum Prices Fall with Purchases Limited

SMM Insight 02:08:15PM Jun 20, 2012 Source:SMM

SHANGHAI, Jun. 20 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,720-15,740/mt Wednesday, and low-iron aluminum was traded between RMB 15,790-15,810/mt in Shanghai. SHFE aluminum prices fell alone when other base metals increased, dragging down spot aluminum prices. Cargo holders were not willing to move goods at low prices, causing spot premiums to expand to RMB 50/mt with mainstream traded prices hitting a new low of the year. However, transactions were limited, and both sellers and buyers waited on the sidelines.

Key Words:  aluminum price   spot aluminum