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East China Aluminum: Prices Down, Wait-and-See Sentiment Dominates
Jul 8,2013 14:44CST
price review forecast
Source:SMM
Mainstream traded prices for spot aluminum in Shanghai were RMB 14,340-14,350/mt on Monday, a premium of RMB 0-10/mt over SHFE 1307 aluminum contract prices.

SHANGHAI, Jul. 8 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,340-14,350/mt on Monday, a premium of RMB 0-10/mt over SHFE 1307 aluminum contract prices. Low-iron aluminum was traded around RMB 14,500/mt. Prices for the most active SHFE aluminum contract plunged, driving spot aluminum down below RMB 14,400/mt. Traders largely held offers firm at RMB 14,350/mt, but downstream producers were cautious about buying. Trading was modest at RMB 14,340/mt.
 

Shanghai spot aluminum prices

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