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East China Aluminum: Gains Curbed, Low-Priced Goods Popular
Oct 16,2012 13:22CST
smm insight
Source:SMM
Spot aluminum was mainly traded between RMB 15,290-15,310/mt in Shanghai on Tuesday, with discounts between RMB 80-100/mt.

SHANGHAI, Oct. 16 (SMM) – Spot aluminum was mainly traded between RMB 15,290-15,310/mt in Shanghai on Tuesday, with discounts between RMB 80-100/mt. Low-iron aluminum was traded between RMB 15,360-15,370/mt. The gains of the SHFE 1212 aluminum contract were limited, while the current-month 1211 aluminum contract was pressured under RMB 15,400/mt, weakening rising momentum of spot aluminum, causing spot discounts to expand to RMB 100/mt. Downstream producers and middlemen were actively buying at prices below RMB 15,300/mt Bearishness remained, but trading improved slightly from a day earlier.
 

Shanghai spot aluminum prices

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