Metals News
East China Aluminum: Trading Brisk on Increased Pre-Holiday Purchases
smm insight
Apr 26,2013

SHANGHAI, Apr. 26 (SMM) – Spot aluminum was traded at RMB 14,520-14,530/mt in Shanghai on Friday, a discount of RMB 80-90/mt over SHFE 1305 aluminum contract. Low-iron aluminum was traded around RMB 14,680/mt. SHFE 1305 aluminum contract climbed above RMB 14,600/mt, boosting market sentiment. Downstream producers increased purchases on the last trading day before the Chinese May Day holiday. Prices in Guangdong were nearly RMB 200/mt higher than in Shanghai, enticing some middlemen to buy goods in Shanghai and then sell them in Guangdong. In this context, traders held offers firm at RMB 14,520/mt. Aluminum ingot offered at RMB 14,510/mt was quickly sold out, but trading was down when price rose to RMB 14,530/mt. Overall trading was brisk.  

latest Shanghai spot aluminum prices
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data