Metals News
East China Aluminum: Traders Eager to Sell, Prices Edge Down
smm insight
Apr 12,2013

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.

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