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East China Aluminum: Spot Prices Stabilize at RMB 15,200/Mt, Trading Remains Light
Oct 29,2012 13:30CST
smm insight
Source:SMM
Spot aluminum was mainly traded between RMB 15,210-15,230/mt in Shanghai on Monday, with discounts between RMB 60-80/mt.

SHANGHAI, Oct. 29 (SMM) – Spot aluminum was mainly traded between RMB 15,210-15,230/mt in Shanghai on Monday, with discounts between RMB 60-80/mt. Low-iron aluminum was traded between RMB 15,280-15,300/mt. SHFE 1212 aluminum contract prices were resilient. Downstream processors refrained from buying due to tight cash flows at the month’s end, while cargo holders also held back goods. Both sides stood on the sidelines. Aluminum prices found support at RMB 15,200/mt, but overall trading remained light.

Shanghai spot aluminum prices

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