Home / Metal News / Tin / East China Aluminum: Spot Prices Fell Along with SHFE Aluminum Prices
East China Aluminum: Spot Prices Fell Along with SHFE Aluminum Prices
Mar 18,2013 13:50CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,470-14,500/mt in Shanghai on Monday, a discount of RMB 70-100/mt over SHFE current-month aluminum contract prices.

SHANGHAI, Mar. 18 (SMM) – Spot aluminum was mainly traded at RMB 14,470-14,500/mt in Shanghai on Monday, a discount of RMB 70-100/mt over SHFE current-month aluminum contract prices. Low-iron aluminum was trade around RMB 14,650/mt. SHFE 1306 aluminum contract prices plunged along with other base metals. Some traders in spot markets held back goods at low prices, helping aluminum prices resist declines, with strong resistance felt at RMB 14,500/mt, though. Downstream producers purchased as needed, while middlemen similarly showed moderate buying interest, depressing overall trading.
 

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