Home / Metal News / Copper / East China Aluminum: Spot Prices Hit Year’s Low on Limited Buying
East China Aluminum: Spot Prices Hit Year’s Low on Limited Buying
Oct 26,2012 13:18CST
smm insight
Source:SMM
Spot aluminum was mainly traded between RMB 15,220-15,240/mt in Shanghai on Friday, with discounts between RMB 90-70/mt.

SHANGHAI, Oct. 26 (SMM) – Spot aluminum was mainly traded between RMB 15,220-15,240/mt in Shanghai on Friday, with discounts between RMB 90-70/mt. Low-iron aluminum was traded between RMB 15,280-15,300/mt. SHFE 1212 aluminum contract prices extended losses, fueling bearish sentiment in spot aluminum market. Cargo holders showed lower interest in moving goods at lower prices, while downstream consumption remained sluggish, causing mainstream traded prices to fall to year’s low of RMB 15,220/mt. Spot aluminum prices should test support at RMB 15,200 due to weak fundamentals.

Shanghai spot aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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