Home / Metal News / Copper / East China Aluminum: Traders Hold Offers Firm on SRB Aluminum Ingot Buying News
East China Aluminum: Traders Hold Offers Firm on SRB Aluminum Ingot Buying News
Mar 11,2013 18:40CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,530-14,550/mt in Shanghai on Monday, with discounts at RMB 110-130/mt.

SHANGHAI, Mar. 11 (SMM) – Spot aluminum was mainly traded at RMB 14,530-14,550/mt in Shanghai on Monday, with discounts at RMB 110-130/mt. Low-iron aluminum was traded around RMB 14,700/mt. SHFE 1306 aluminum contract prices edged down. Most traders held offers firm at RMB 14,540/mt on news that the State Reserve Bureau (SRB) will buy aluminum ingot. Some deliverable brand aluminum ingot was quoted at higher prices of above RMB 14,600/mt. Downstream producers were little interested in buying, with only middlemen purchasing limited amounts, leaving overall trading light.
 

Shanghai spot aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn