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DashboardDatabaseProReportsEventsConsultingSHANGHAI, 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.
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