East China Aluminum: Prices Edged Up, Downstream Producers Showed Low Acceptance towards High Price_SMM

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Home / Metal News / Aluminium / East China Aluminum: Prices Edged Up, Downstream Producers Showed Low Acceptance towards High Price

East China Aluminum: Prices Edged Up, Downstream Producers Showed Low Acceptance towards High Price

Mar 20,2013 15:05

CST

smm insight

Source:SMM

Spot aluminum was mainly traded at RMB 14,490-14,520/mt in Shanghai on Wednesday, a discount of RMB 70-100/mt over SHFE current-month aluminum contract prices.

SHANGHAI, Mar. 20 (SMM) – Spot aluminum was mainly traded at RMB 14,490-14,520/mt in Shanghai on Wednesday, a discount of RMB 70-100/mt over SHFE current-month aluminum contract prices. Low-iron aluminum was trade around RMB 14,670/mt. SHFE 1306 aluminum contract prices edged up, sending spot aluminum prices up above RMB 14,500/mt. Traders were eager to sell, while middlemen went bargain-hunting. However, downstream producers refrained from buying at highs, leaving overall trading moderate.

Shanghai spot aluminum prices

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