Home / Metal News / Zinc / East China Aluminum: Higher Prices Deter Downstream Producers from Buying
East China Aluminum: Higher Prices Deter Downstream Producers from Buying
Jul 19,2013 12:53CST
price review forecast
Source: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.

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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn