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East China Aluminum: Restocking Limited on Strong Bearishness
Jul 26,2013 17:12CST
price review forecast
Source:SMM
Mainstream traded prices for spot aluminum in Shanghai were RMB 14,340-14,350/mt on Friday, RMB 10-30/mt lower than SHFE 1308 aluminum contract prices.

SHANGHAI, Jul. 26 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,340-14,350/mt on Friday, RMB 10-30/mt lower than SHFE 1308 aluminum contract prices. Low-iron aluminum was traded around RMB 14,510/mt. Falling SHFE aluminum prices turned market players in spot market bearish. Cargo holders were anxious to sell as the end-of-month liquidity crunch bit in, but downstream producers showed little interest, sending the high-end traded price down to RMB 14,350/mt.

Shanghai spot aluminum prices

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