East China Aluminum: Cargo Holders Hold back Goods, Prices Resilient-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Market commentary
  • Nickel ore

East China Aluminum: Cargo Holders Hold back Goods, Prices Resilient

SMM Insight 01:31:55PM Jan 08, 2013 Source:SMM

SHANGHAI, Jan. 8 (SMM) – Spot aluminum was mainly traded at RMB 15,040-15,060/mt in Shanghai on Tuesday, with discounts at RMB 10-30/mt. Low-iron aluminum was traded at RMB 15,090-15,110/mt. Despite weak SHFE 1303 aluminum contract prices, cargo holders held back goods, helping spot discounts to narrow within RMB 30/mt. Downstream producers purchased as needed, leaving overall transactions modest.
 

Price

more
1# Silver ingots(99.99%)
Oct.21
4256.0
-3.0
(-0.07%)
2# Silver ingots(99.95%)
Oct.21
4241.0
-3.0
(-0.07%)
3# Silver ingots(99.90%)
Oct.21
4226.0
-3.0
(-0.07%)
Gold(99.99%)
Oct.18
341.1
0.1
(0.02%)
Gold(99.95%)
Oct.18
340.6
-0.1
(-0.03%)

East China Aluminum: Cargo Holders Hold back Goods, Prices Resilient

SMM Insight 01:31:55PM Jan 08, 2013 Source:SMM

SHANGHAI, Jan. 8 (SMM) – Spot aluminum was mainly traded at RMB 15,040-15,060/mt in Shanghai on Tuesday, with discounts at RMB 10-30/mt. Low-iron aluminum was traded at RMB 15,090-15,110/mt. Despite weak SHFE 1303 aluminum contract prices, cargo holders held back goods, helping spot discounts to narrow within RMB 30/mt. Downstream producers purchased as needed, leaving overall transactions modest.