East China Aluminum: Transactions Muted with Low Buying Interest -Shanghai Metals Market

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East China Aluminum: Transactions Muted with Low Buying Interest

SMM Insight 01:58:46PM Jul 03, 2012 Source:SMM

SHANGHAI, Jul. 3 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,540-15,570/mt Tuesday, and low-iron aluminum was traded between RMB 15,650-15,660/mt in Shanghai. SHFE aluminum prices were relatively resilient but lacked up momentum to rise, and spot market was even weaker. Cargo holders were enthusiastic in selling goods but downstream enterprises rarely made inquiries, dragging down mainstream traded prices. Transactions were quiet with only prices for brands in supply shortages remaining firm.
 

Key Words:  aluminum price   spot aluminum 

East China Aluminum: Transactions Muted with Low Buying Interest

SMM Insight 01:58:46PM Jul 03, 2012 Source:SMM

SHANGHAI, Jul. 3 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,540-15,570/mt Tuesday, and low-iron aluminum was traded between RMB 15,650-15,660/mt in Shanghai. SHFE aluminum prices were relatively resilient but lacked up momentum to rise, and spot market was even weaker. Cargo holders were enthusiastic in selling goods but downstream enterprises rarely made inquiries, dragging down mainstream traded prices. Transactions were quiet with only prices for brands in supply shortages remaining firm.
 

Key Words:  aluminum price   spot aluminum