Metals News
East China Aluminum: SHFE Aluminum Weakens, Selling Interest High
smm insight
Jul 23,2012

SHANGHAI, Jul. 23 (SMM) – The mainstream traded prices for spot aluminum were at RMB 15,420-15,450/mt in Shanghai on July 23, with discounts at RMB 50-80/mt and low-iron aluminum traded at RMB 15,520-15,540/mt. SHFE aluminum opened lower and edged down by 1% on July 23. The failure to hold on to RMB 15,500/mt by the current-month contract triggered strong bearish sentiment. Cargo holders were eager to move goods for cash, whereas downstream enterprises purchased on an as-needed basis, except for middlemen who were actively buying at lows, with discounts mostly between RMB 70-80/mt. Overall trading was light.

spot aluminum
aluminum prices
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data