East China Aluminum: Aluminum Prices Keep Falling-Shanghai Metals Market

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East China Aluminum: Aluminum Prices Keep Falling

SMM Insight 05:38:08PM Jun 25, 2012 Source:SMM

SHANGHAI, Jun. 25 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,600-15,630/mt on Monday, and low-iron aluminum was traded between RMB 15,680-15,700/mt in Shanghai. The SHFE current-month aluminum contract prices plunged to RMB 15,600/mt during spot trading hours with larger traders unwilling to move goods at low prices. However, some smaller traders were actively moving goods for exchange of cash at month’s end. Since downstream enterprises only purchased as needed, transactions were mainly traded at prices close to the SHFE aluminum prices. Trading remained light with bearish mood prevailing in the market.

Key Words:  spot aluminum   aluminum price 

East China Aluminum: Aluminum Prices Keep Falling

SMM Insight 05:38:08PM Jun 25, 2012 Source:SMM

SHANGHAI, Jun. 25 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,600-15,630/mt on Monday, and low-iron aluminum was traded between RMB 15,680-15,700/mt in Shanghai. The SHFE current-month aluminum contract prices plunged to RMB 15,600/mt during spot trading hours with larger traders unwilling to move goods at low prices. However, some smaller traders were actively moving goods for exchange of cash at month’s end. Since downstream enterprises only purchased as needed, transactions were mainly traded at prices close to the SHFE aluminum prices. Trading remained light with bearish mood prevailing in the market.

Key Words:  spot aluminum   aluminum price