Metals News
East China Aluminum: Prices Resilient, Post-Holiday Restocking Grows
smm insight
11:51AM
Apr 8,2013
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.  
 

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