East China Aluminum: Light Trading Dominates Pre-Holiday Market (2013-2-7)-Shanghai Metals Market

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East China Aluminum: Light Trading Dominates Pre-Holiday Market (2013-2-7)

Price Review & Forecast 04:55:34PM Feb 07, 2013 Source:SMM

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. 
 

Price

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#1 Lead
Dec.10
15450.0
50.0
(0.32%)
#1 Lead - Henan
Dec.10
15475.0
50.0
(0.32%)
#1 Lead - Guangdong
Dec.10
15450.0
50.0
(0.32%)
#1 Lead -Tianjin
Dec.10
15475.0
50.0
(0.32%)
Secondary Lead
Dec.10
14975.0
25.0
(0.17%)

East China Aluminum: Light Trading Dominates Pre-Holiday Market (2013-2-7)

Price Review & Forecast 04:55:34PM Feb 07, 2013 Source:SMM

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.