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Home / Metal News / East China Aluminum: Higher Prices Deter Downstream Producers from Buying

East China Aluminum: Higher Prices Deter Downstream Producers from Buying

iconJul 19, 2013 12:53
Mainstream traded prices for spot aluminum in Shanghai were RMB 14,350-14,360/mt on Friday, RMB 0-10/mt lower than SHFE 1308 aluminum contract prices.

SHANGHAI, Jul. 19 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,350-14,360/mt on Friday, RMB 0-10/mt lower than SHFE 1308 aluminum contract prices. Low-iron aluminum was traded around RMB 14,380/mt. SHFE 1308 aluminum contract rose to RMB 14,365/mt in the morning session, allowing traders to hike offers to RMB 14,360/mt. Traders still held prices firm even after SHFE current-month aluminum contract fell back to RMB 14,355/mt. A few deals were done at RMB 14,350/mt. Downstream producers turned away from higher prices. Aluminum ingot from Shandong’s Zibo was quoted at RMB 14,380/mt.  

 

Shanghai spot aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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