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Home / Metal News / East China Aluminum: Low-End Price Stabilizes on Moderate Restocking

East China Aluminum: Low-End Price Stabilizes on Moderate Restocking

iconApr 3, 2013 13:24
Spot aluminum was mainly traded at RMB 14,410-14,430/mt in Shanghai on Wednesday, a discount of RMB 50-70/mt over SHFE 1304 aluminum contract prices.

SHANGHAI, Apr. 3 (SMM) – Spot aluminum was mainly traded at RMB 14,410-14,430/mt in Shanghai on Wednesday, a discount of RMB 50-70/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was traded at RMB 14,580-14,600/mt. SHFE 1304 aluminum contract prices were mired, preventing spot aluminum from rising. However, moderate restocking before the Chinese Qingming holiday did help the low-end price stabilize. Most traders stood on the sidelines, but some remained eager to sell. Overall trading was light. 

latest Shanghai spot aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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