Home / Metal News / East China Aluminum: Inventories High, Spot Discounts Remain

East China Aluminum: Inventories High, Spot Discounts Remain

iconAug 2, 2012 13:56
Source:SMM
Spot aluminum was mainly traded at RMB 15,370-15,390/mt in Shanghai on August 2, with discounts at RMB 30-50/mt and low-iron aluminum traded at RMB 15,420-15,450/mt.

SHANGHAI, Aug. 2 (SMM) – Spot aluminum was mainly traded at RMB 15,370-15,390/mt in Shanghai on August 2, with discounts at RMB 30-50/mt and low-iron aluminum traded at RMB 15,420-15,450/mt. The current-month SHFE aluminum contract dropped by RMB 50/mt on weak manufacturing PMI. Cargo holders were eager to move goods due to high inventories. Buying activity was active at lower prices, causing trading to improve from the previous trading day. Spot discounts remained.
 

spot aluminum prices
East China

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All