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East China Aluminum: Prices Tumble, Bearish Sentiment Dominates
Mar 1,2013 12:54CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,360-14,370/mt in Shanghai on Friday, with discounts at RMB 100-120/mt.

SHANGHAI, Mar. 1 (SMM) – Spot aluminum was mainly traded at RMB 14,360-14,370/mt in Shanghai on Friday, with discounts at RMB 100-120/mt. Low-iron aluminum was traded around RMB 14,480/mt. SHFE 1305 aluminum contract prices lost nearly 1%, turning investors even more bearish. Cargo holders were anxious to sell, sending spot aluminum prices down below RMB 14,400/mt. Downstream producers and middlemen expressed no interest in buying, leaving trading muted.  
 

Shanghai spot aluminum prices

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