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East China Aluminum: Prices Stagnant, Consumption Remains Sluggish
Mar 5,2013 16:29
CSTsmm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,330-14,350/mt in Shanghai on Tuesday, with discounts at RMB 80-100/mt.
SHANGHAI, Mar. 5 (SMM) – Spot aluminum was mainly traded at RMB 14,330-14,350/mt in Shanghai on Tuesday, with discounts at RMB 80-100/mt. Low-iron aluminum was traded around RMB 14,450/mt. Prices of the most active SHFE aluminum contract met resistance at high levels, keeping a lid on spot aluminum prices. Most traders were eager to sell, but downstream demand remained tepid. Some brand deliverable aluminum ingot and low-iron aluminum ingot were quoted at higher prices due to tight supplies, but overall trading was quiet.
Shanghai spot aluminum prices
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