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East China Aluminum: Prices Inch Up, Trading Light
Jul 22, 2013 14:23Source:SMM
Mainstream traded prices for spot aluminum in Shanghai were RMB 14,370-14,390/mt on Monday, RMB 0-20/mt lower than SHFE 1308 aluminum contract prices.
SHANGHAI, Jul. 22 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,370-14,390/mt on Monday, RMB 0-20/mt lower than SHFE 1308 aluminum contract prices. Low-iron aluminum was traded around RMB 14,540/mt. SHFE 1310 aluminum contract had little upward momentum, curbing gains of spot aluminum. Traders were in a hurry to sell, but downstream producers mostly held to the sidelines, forcing traders to sell at discount. Prices in Wuxi and Hangzhou, however, were higher at RMB 14,400/mt due to supply shortage.
Shanghai spot aluminum prices
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