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East China Aluminum: Upside Room Limited due to Anemic Demand
Mar 13,2013 12:47CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,540-14,550/mt in Shanghai on Wednesday, with discounts at RMB 70-90/mt.

SHANGHAI, Mar. 13 (SMM) – Spot aluminum was mainly traded at RMB 14,540-14,550/mt in Shanghai on Wednesday, with discounts at RMB 70-90/mt. Low-iron aluminum was traded around RMB 14,700/mt. SHFE 1306 aluminum contract prices shot up, but spot aluminum prices rose only slightly, with strong resistance felt at RMB 14,550/mt due to sluggish consumption. Only middlemen were modestly interested in bargain-hunting amid high discounts, leaving overall trading moderate. 
 

Shanghai spot aluminum prices

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