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Home / Metal News / East China Aluminum: Downstream Producers Rebuild Stocks Modestly against Liquidity Crunch

East China Aluminum: Downstream Producers Rebuild Stocks Modestly against Liquidity Crunch

iconMar 22, 2013 13:25
Source:SMM
Spot aluminum was mainly traded at RMB 14,520-14,540/mt in Shanghai on Friday, a discount of RMB 70-100/mt over SHFE 1304 aluminum contract prices.

SHANGHAI, Mar. 22 (SMM) – Spot aluminum was mainly traded at RMB 14,520-14,540/mt in Shanghai on Friday, a discount of RMB 70-100/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was trade around RMB 14,620/mt. SHFE 1306 aluminum contract prices inched down, sending spot aluminum prices down as well. Some traders held back goods, but most were in a hurry to sell. Downstream producers rebuilt stocks modestly at low prices as liquidity crunch at the quarter’s end bit in, which did help overall trading improve from the previous day. 

 

Shanghai spot aluminum prices

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