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East China Aluminum: Downstream Producers Refrain from Buying at Highs
Jul 18,2013 12:43CST
price review forecast
Source:SMM
Mainstream traded prices for spot aluminum in Shanghai were RMB 14,340-14,350/mt on Thursday, RMB 0-10/mt lower than SHFE 1308 aluminum contract prices.

SHANGHAI, Jul. 18 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,340-14,350/mt on Thursday, RMB 0-10/mt lower than SHFE 1308 aluminum contract prices. Low-iron aluminum prices were almost the same as aluminum prices. SHFE 1308 aluminum contract rose to near RMB 14,350/mt towards mid-day after a low opening, allowing traders to hold offers at RMB 14,340/mt. However, downstream producers exhibited low buying interest.  

 

Shanghai spot aluminum prices

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