East China Aluminum: Bearish Sentiment Strong, Traders Anxious to Sell
SHANGHAI, Jan. 17 (SMM) – Spot aluminum was mainly traded at RMB 14,920-14,940/mt in Shanghai on Thursday, with discounts at RMB 100-120/mt. Low-iron aluminum was traded at RMB 15,020-15,030/mt. SHFE 1303 aluminum contract prices dropped below RMB 15,000/mt, aggravating market bearishness. SHFE aluminum prices recovered some earlier losses, but cargo holders remained anxious to sell. Downstream producers and middlemen were uninterested in buying, causing spot discounts to expand above RMB 100/mt. Sellers and buyers were pessimistic towards future prices, depressing overall trading.
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
For more information on how to access our research reports, please email service.en@smm.cn
Related Price
No Data
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.
In common with most websites, we use cookies to carry out various tasks including improving our user's experience. Read more about how we use cookies here.