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Home / Metal News / East China Aluminum: Gains Curbed, Spot Trading Light

East China Aluminum: Gains Curbed, Spot Trading Light

iconFeb 27, 2013 12:21
Spot aluminum was mainly traded at RMB 14,500-14,520/mt in Shanghai on Wednesday, with discounts at RMB 140-160/mt.

SHANGHAI, Feb. 27 (SMM) – Spot aluminum was mainly traded at RMB 14,500-14,520/mt in Shanghai on Wednesday, with discounts at RMB 140-160/mt. Low-iron aluminum was traded around RMB 14,620/mt. SHFE 1305 aluminum contract prices fell back after hitting high, eroding gains of spot aluminum prices. Cargo holders stood on the sidelines, holding offers firm at RMB 14,500/mt. Downstream producers were little interested in buying out of growing pessimism over future prices and due to tightening liquidity as the month ends. Only middlemen bought modest amounts at low prices. Overall trading was light. 
 

Shanghai spot aluminum prices
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