East China Aluminum: Discount of RMB 100/Mt Reported as Downstream Producers Refuse to Buy at Highs-Shanghai Metals Market
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Home > News > SMM Insight > East China Aluminum: Discount of RMB 100/Mt Reported as Downstream Producers Refuse to Buy at Highs

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East China Aluminum: Discount of RMB 100/Mt Reported as Downstream Producers Refuse to Buy at Highs

SMM Insight 03:37:57PM Apr 17, 2013 Source:SMM

SHANGHAI, Apr. 17 (SMM) – Spot aluminum was traded at RMB 14,450-14,470/mt in Shanghai on Wednesday, a discount of RMB 90-110/mt over SHFE 1305 aluminum contract. Low-iron aluminum was traded around RMB 14,620/mt. SHFE 1306 aluminum contract edged down after a high opening, hurting market sentiment. Traders were eager to sell, while downstream producers were cautious about buying at highs, leaving traded prices stagnant. Only middlemen purchased modest amounts at lows.
 

Key Words:  latest Shanghai spot aluminum prices  
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
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1# Zinc
Oct.18
18810.0
-10.0
(-0.05%)
0# Zinc
Oct.18
18880.0
-10.0
(-0.05%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
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280.0
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Oct.18
19780.0
-10.0
(-0.05%)

East China Aluminum: Discount of RMB 100/Mt Reported as Downstream Producers Refuse to Buy at Highs

SMM Insight 03:37:57PM Apr 17, 2013 Source:SMM

SHANGHAI, Apr. 17 (SMM) – Spot aluminum was traded at RMB 14,450-14,470/mt in Shanghai on Wednesday, a discount of RMB 90-110/mt over SHFE 1305 aluminum contract. Low-iron aluminum was traded around RMB 14,620/mt. SHFE 1306 aluminum contract edged down after a high opening, hurting market sentiment. Traders were eager to sell, while downstream producers were cautious about buying at highs, leaving traded prices stagnant. Only middlemen purchased modest amounts at lows.
 

Key Words:  latest Shanghai spot aluminum prices  
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn