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Home / Metal News / Copper / East China Aluminum: Sufficient Spot Aluminum, Trading Weakens
East China Aluminum: Sufficient Spot Aluminum, Trading Weakens
Jul 26,2012 14:31CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 15,370-15,390/mt in Shanghai on July 26, with discounts at RMB 20-40/mt and low-iron aluminum traded at RMB 15,420-15,440/mt.

SHANGHAI, Jul. 26 (SMM) – Spot aluminum was mainly traded at RMB 15,370-15,390/mt in Shanghai on July 26, with discounts at RMB 20-40/mt and low-iron aluminum traded at RMB 15,420-15,440/mt. SHFE aluminum gained the most among all base metals, but later narrowed its gains. Cargo holders were eager to move goods for cash as the month ends, resulting in sufficient supply. Low buying interest among downstream enterprises and middlemen weakened spot aluminum’s upside space, causing traded prices to stagnate at RMB 15,380/mt. Overall trading weakened from the previous trading day.
 

spot aluminum prices
East China

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