East China Aluminum: Traders Eager to Sell, Prices Edge Down-Shanghai Metals Market

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East China Aluminum: Traders Eager to Sell, Prices Edge Down

SMM Insight 01:14:14PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – Spot aluminum was traded at RMB 14,560-14,590/mt in Shanghai on Friday, a discount of RMB 50-80/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was trade around RMB 14,720/mt. SHFE 1306 aluminum contract pared some gains. Cargo holders were in a hurry to sell against stable buying interest from downstream producers and middlemen, sending spot aluminum prices down below RMB 14,600/mt. Overall trading was light.
 

East China Aluminum: Traders Eager to Sell, Prices Edge Down

SMM Insight 01:14:14PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – Spot aluminum was traded at RMB 14,560-14,590/mt in Shanghai on Friday, a discount of RMB 50-80/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was trade around RMB 14,720/mt. SHFE 1306 aluminum contract pared some gains. Cargo holders were in a hurry to sell against stable buying interest from downstream producers and middlemen, sending spot aluminum prices down below RMB 14,600/mt. Overall trading was light.