East China Aluminum: Selling Interest Low, Downstream Restocking Limited-Shanghai Metals Market

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East China Aluminum: Selling Interest Low, Downstream Restocking Limited

SMM Insight 01:18:02PM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) – Spot aluminum was mainly traded at RMB 15,060-15,080/mt in Shanghai on Friday, with discounts at RMB 50-70/mt. Low-iron aluminum was traded at RMB 15,110-15,130/mt. SHFE 1303 aluminum contract prices moved lower after a high opening on the first trading day of 2013, triggering strong wait-and-see sentiment in spot market. Cargo holders moved limited goods, helping aluminum prices stabilize at RMB 15,060/mt. Downstream producers showed little interest in stock replenishment, leaving trading light.
 

East China Aluminum: Selling Interest Low, Downstream Restocking Limited

SMM Insight 01:18:02PM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) – Spot aluminum was mainly traded at RMB 15,060-15,080/mt in Shanghai on Friday, with discounts at RMB 50-70/mt. Low-iron aluminum was traded at RMB 15,110-15,130/mt. SHFE 1303 aluminum contract prices moved lower after a high opening on the first trading day of 2013, triggering strong wait-and-see sentiment in spot market. Cargo holders moved limited goods, helping aluminum prices stabilize at RMB 15,060/mt. Downstream producers showed little interest in stock replenishment, leaving trading light.