East China Aluminum: Strong Sales Interest, but No Transactions (2013-2-6)-Shanghai Metals Market

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East China Aluminum: Strong Sales Interest, but No Transactions (2013-2-6)

Price Review & Forecast 04:46:35PM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) - On Tuesday, traded prices in the Shanghai spot aluminum market were between RMB 14,860-14,880/mt, and spot discounts were in the RMB 90-70/mt range. Spot aluminum prices were refrained as SHFE aluminum market was continuing to struggle at the existing price range. Traders were eager to move goods before the holiday, but no transactions were reported. Trading will remain tepid during the last two trading days before the Chinese New Year holiday.

 

Price

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Aluminum Ingot
Dec.16
13970.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Dec.16
14000.0
0.0
(0.00%)
Aluminum Ingot - Wu Xi
Dec.16
14010.0
0.0
(0.00%)
Aluminum Ingot - Hang Zhou
Dec.16
14015.0
-5.0
(-0.04%)
Aluminum Ingot - Chong Qing
Dec.16
13980.0
-20.0
(-0.14%)

East China Aluminum: Strong Sales Interest, but No Transactions (2013-2-6)

Price Review & Forecast 04:46:35PM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) - On Tuesday, traded prices in the Shanghai spot aluminum market were between RMB 14,860-14,880/mt, and spot discounts were in the RMB 90-70/mt range. Spot aluminum prices were refrained as SHFE aluminum market was continuing to struggle at the existing price range. Traders were eager to move goods before the holiday, but no transactions were reported. Trading will remain tepid during the last two trading days before the Chinese New Year holiday.