East China Aluminum: Trading Improves Slightly on Increasing Buying Interest-Shanghai Metals Market

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East China Aluminum: Trading Improves Slightly on Increasing Buying Interest

SMM Insight 01:20:39PM Jan 25, 2013 Source:SMM

SHANGHAI, Jan. 25 (SMM) – Spot aluminum was mainly traded at RMB 14,920-14,930/mt in Shanghai on Friday, with discounts at RMB 100-110/mt. Low-iron aluminum was traded around RMB 15,000/mt. SHFE 1303 aluminum contract prices were mired. Downstream producers purchased modest amounts and middlemen were active in buying at lower prices, allowing sellers to hold offers firm at RMB 14,920/mt. Overall trading improved slightly.
 

East China Aluminum: Trading Improves Slightly on Increasing Buying Interest

SMM Insight 01:20:39PM Jan 25, 2013 Source:SMM

SHANGHAI, Jan. 25 (SMM) – Spot aluminum was mainly traded at RMB 14,920-14,930/mt in Shanghai on Friday, with discounts at RMB 100-110/mt. Low-iron aluminum was traded around RMB 15,000/mt. SHFE 1303 aluminum contract prices were mired. Downstream producers purchased modest amounts and middlemen were active in buying at lower prices, allowing sellers to hold offers firm at RMB 14,920/mt. Overall trading improved slightly.