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East China Aluminum: Prices Inch Up, Trading Stable
May 24, 2013 12:58Source:SMM
Spot aluminum was traded at RMB 14,610-14,620/mt in Shanghai on Friday, a discount of RMB 40-50/mt over SHFE 1306 aluminum contract prices.
SHANGHAI, May 24 (SMM) – Spot aluminum was traded at RMB 14,610-14,620/mt in Shanghai on Friday, a discount of RMB 40-50/mt over SHFE 1306 aluminum contract prices. Low-iron aluminum was traded around RMB 14,760/mt. SHFE 1308 aluminum contract edged up. Cargo holders hiked offers by RMB 10/mt, while some downstream producers restocked in modest amounts before the weekend and middlemen went bargain-hunting.
latest Shanghai spot aluminum prices
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