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East China Aluminum: Liquidity Tightens, Spot Trading Muted
Mar 26,2013 13:12CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,520-14,550/mt in Shanghai on Tuesday, a discount of RMB 50-90/mt over SHFE 1304 aluminum contract prices.

SHANGHAI, Mar. 26 (SMM) – Spot aluminum was mainly traded at RMB 14,520-14,550/mt in Shanghai on Tuesday, a discount of RMB 50-90/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was trade around RMB 14,710/mt. SHFE 1306 aluminum contract prices moved at low levels, causing spot aluminum to surrender gains. Most traders were in a hurry to sell against tight liquidity at the quarter’s end, but demand from downstream producers and middlemen was tepid, leaving mainstream traded prices stagnant near RMB 14,530/mt. Overall trading was muted.

 

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