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East China Aluminum: Rebound of SHFE 1212 Aluminum Contract Supports Spot Aluminum Prices
Oct 11,2012 13:16CST
smm insight
Source:SMM
Spot aluminum was mainly traded between RMB 15360-15380/mt in Shanghai on Thursday, with discounts between RMB 30-10/mt.

SHANGHAI, Oct. 11 (SMM) – Spot aluminum was mainly traded between RMB 15360-15380/mt in Shanghai on Thursday, with discounts between RMB 30-10/mt. Low-iron aluminum was traded near 15420/mt. Cargo holders held prices firm at RMB 15,360/m as the SHFE 1212 aluminum contract rose after initially dropping. Traded prices were near RMB 15,350/mt in Wuxi and Hangzhou as traders were eager to move goods for cash. Buying interest among downstream producers and middlemen was tepid, leaving trading unimproved. 
 

Shanghai spot aluminum prices

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