East China Aluminum: Selling Interest High, but Buying Limited-Shanghai Metals Market

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East China Aluminum: Selling Interest High, but Buying Limited

SMM Insight 01:43:31PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – Spot aluminum was mainly traded at RMB 15,030-15,050/mt in Shanghai on Thursday, with discounts at RMB 0-20/mt. Low-iron aluminum was traded at RMB 15,090-15,110/mt. SHFE 1303 aluminum contract prices moved at low levels, dampening market sentiment. Traders were anxious to move goods prior to the delivery date of the SHFE 1301 aluminum contracts. Limited purchases by downstream producers and middlemen brought traded prices down to RMB 15,050/mt. Overall trading was moderate.
 

East China Aluminum: Selling Interest High, but Buying Limited

SMM Insight 01:43:31PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – Spot aluminum was mainly traded at RMB 15,030-15,050/mt in Shanghai on Thursday, with discounts at RMB 0-20/mt. Low-iron aluminum was traded at RMB 15,090-15,110/mt. SHFE 1303 aluminum contract prices moved at low levels, dampening market sentiment. Traders were anxious to move goods prior to the delivery date of the SHFE 1301 aluminum contracts. Limited purchases by downstream producers and middlemen brought traded prices down to RMB 15,050/mt. Overall trading was moderate.