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Home / Metal News / East China Aluminum: Spot Trading Light, Low-priced Goods Popular

East China Aluminum: Spot Trading Light, Low-priced Goods Popular

iconJul 31, 2012 14:15
Source:SMM
Spot aluminum was mainly traded at RMB 15,460-15,480/mt in Shanghai on July 31, with discounts at RMB 30-60/mt and low-iron aluminum traded at RMB 15,530-15,550/mt.

SHANGHAI, Jul. 31 (SMM) – Spot aluminum was mainly traded at RMB 15,460-15,480/mt in Shanghai on July 31, with discounts at RMB 30-60/mt and low-iron aluminum traded at RMB 15,530-15,550/mt. SHFE aluminum opened lower but later rose, with the current-month contract stabilizing at RMB 15,500/mt, prompting cargo holders to hold quotations firm at RMB 15,460/mt. Downstream buying interest was low due to tight capital on the last day of the month. Low-priced goods were relatively popular while deals at higher price were rarely seen. Overall trading was light.
 

East China
spot aluminum prices

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