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East China Aluminum: Light Trading Dominates Pre-Holiday Market (2013-2-7)
Feb 7,2013 16:55CST
price review forecast
Source:SMM
On Thursday, traded prices in the Shanghai spot aluminum market were between RMB 14,790-14,820/mt, and spot discounts were in the RMB 80-70/mt range.

SHANGHAI, Feb. 7 (SMM) – On Thursday, traded prices in the Shanghai spot aluminum market were between RMB 14,790-14,820/mt, and spot discounts were in the RMB 80-70/mt range.  

SHFE aluminum market kept falling, with current-month prices coming under pressures at RMB 14,900/mt. Spot trading was extremely light. Some traders, who were eager to generate cash flows, lowered prices, with the lowest price heard RMB 14,790/mt in Shanghai, RMB 14,760/mt in Hangzhou, and RMB 14,800/mt in Wuxi, a new low of 2013. Tomorrow will be the last trading day before the Chinese New Year holiday, and trading will remain quiet. 
 

SHFE aluminum market
Shanghai spot aluminum market
East China aluminum market

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