East China Aluminum: Prices Resilient, Post-Holiday Restocking Grows-Shanghai Metals Market

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East China Aluminum: Prices Resilient, Post-Holiday Restocking Grows

SMM Insight 11:51:16AM Apr 08, 2013 Source:SMM

SHANGHAI, Apr. 8 (SMM) – Spot aluminum was traded at RMB 14,420-14,440/mt in Shanghai on Monday, a discount of RMB 50-80/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was traded at RMB 14,580-14,600/mt. The low-end price of SHFE 1306 aluminum contract was resilient, promoting downstream producers to restock after the three-day public holiday. Similarly, traders were active moving goods, pushing transaction volumes up slightly.  
 

Price

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#1 Refined Cu
Oct.17
46700.0
-215.0
(-0.46%)
Standard-Grade Copper
Oct.17
46690.0
-215.0
(-0.46%)
High-Grade Copper
Oct.17
46705.0
-220.0
(-0.47%)
Guixi copper
Oct.17
46710.0
-220.0
(-0.47%)
Low-quality copper
Oct.17
46655.0
-220.0
(-0.47%)

East China Aluminum: Prices Resilient, Post-Holiday Restocking Grows

SMM Insight 11:51:16AM Apr 08, 2013 Source:SMM

SHANGHAI, Apr. 8 (SMM) – Spot aluminum was traded at RMB 14,420-14,440/mt in Shanghai on Monday, a discount of RMB 50-80/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was traded at RMB 14,580-14,600/mt. The low-end price of SHFE 1306 aluminum contract was resilient, promoting downstream producers to restock after the three-day public holiday. Similarly, traders were active moving goods, pushing transaction volumes up slightly.