East China Aluminum: Depressed Trading in Early July Weighs on Prices-Shanghai Metals Market

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East China Aluminum: Depressed Trading in Early July Weighs on Prices

SMM Insight 06:13:25PM Jul 02, 2012 Source:SMM

SHANGHAI, Jul. 2 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,540-15,570/mt Monday, and low-iron aluminum was traded between RMB 15,650-15,660/mt in Shanghai. SHFE aluminum prices fell after starting higher and failed to boost spot aluminum market. Downstream buying interest did not improve early in July, and traded prices in Shanghai were dragged down due to ample supply and sparse transactions.

Key Words:  spot aluminum   aluminum price 

East China Aluminum: Depressed Trading in Early July Weighs on Prices

SMM Insight 06:13:25PM Jul 02, 2012 Source:SMM

SHANGHAI, Jul. 2 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,540-15,570/mt Monday, and low-iron aluminum was traded between RMB 15,650-15,660/mt in Shanghai. SHFE aluminum prices fell after starting higher and failed to boost spot aluminum market. Downstream buying interest did not improve early in July, and traded prices in Shanghai were dragged down due to ample supply and sparse transactions.

Key Words:  spot aluminum   aluminum price