East China Aluminum: Markets Quiet on Mid-Year Liquidity Crunch-Shanghai Metals Market

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East China Aluminum: Markets Quiet on Mid-Year Liquidity Crunch

Price Review & Forecast 02:39:26PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 28 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,370-14,390/mt on Friday, RMB 10-30/mt higher than SHFE 1307 aluminum contract prices. Low-iron aluminum was traded around RMB 14,530/mt. Spot aluminum market was quiet due to liquidity crunch at the end of mid-year mark. Traders were reluctant to sell at lows, leaving prices stagnant at RMB 14,380/mt.
 

East China Aluminum: Markets Quiet on Mid-Year Liquidity Crunch

Price Review & Forecast 02:39:26PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 28 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,370-14,390/mt on Friday, RMB 10-30/mt higher than SHFE 1307 aluminum contract prices. Low-iron aluminum was traded around RMB 14,530/mt. Spot aluminum market was quiet due to liquidity crunch at the end of mid-year mark. Traders were reluctant to sell at lows, leaving prices stagnant at RMB 14,380/mt.