Home / Metal News / Copper / East China Aluminum: Trading Light as Positive Impact Fades
East China Aluminum: Trading Light as Positive Impact Fades
Mar 12,2013 14:01CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,520-14,540/mt in Shanghai on Tuesday, with discounts at RMB 70-90/mt.

SHANGHAI, Mar. 12 (SMM) – Spot aluminum was mainly traded at RMB 14,520-14,540/mt in Shanghai on Tuesday, with discounts at RMB 70-90/mt. Low-iron aluminum was traded around RMB 14,680/mt. SHFE 1306 aluminum contract prices edged down, sending spot aluminum prices down as well. Traders were eager to move goods at RMB 80/mt lower than SHFE current-month aluminum contracts due to approaching delivery date of SHFE 1303 aluminum contracts. Downstream producers and middlemen showed low buying interest. Although aluminum prices have stabilized above RMB 14,500/mt for now, trading volumes turned thin again as news that the State Reserve Bureau will buy aluminum ingot has been digested. 
 

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