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East China Aluminum: Price Declines Slow Down, Middlemen Active in Dip-Buying
Feb 26,2013 13:09CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,480-14,510/mt in Shanghai on Tuesday, with discounts at RMB 130-160/mt.

SHANGHAI, Feb. 26 (SMM) – Spot aluminum was mainly traded at RMB 14,480-14,510/mt in Shanghai on Tuesday, with discounts at RMB 130-160/mt. Low-iron aluminum was traded around RMB 14,600/mt. SHFE 1305 aluminum contract prices fell at a lower pace, allowing cargo holders to hold offers firm. Middlemen were active in bargain-hunting, but downstream buying interest remained tepid, sending spot aluminum prices in east China down below RMB 14,500/mt. Overall trading did improve slightly from a day earlier, though.
 

Shanghai spot aluminum prices

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