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East China Aluminum: Traders Hold Back Goods, Helping Aluminum Prices Resist Declines
Jul 29,2013 13:14CST
price review forecast
Source:SMM
Mainstream traded prices for spot aluminum in Shanghai were RMB 14,300-14,310/mt on Monday, RMB 0-10/mt lower than SHFE 1308 aluminum contract prices.

SHANGHAI, Jul. 29 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,300-14,310/mt on Monday, RMB 0-10/mt lower than SHFE 1308 aluminum contract prices. Low-iron aluminum was traded around RMB 14,460/mt. SHFE 1308 aluminum contract prices held stable at RMB 14,300/mt, allowing cargo holders to hold prices firm at RMB 14,300/mt. However, downstream producers and middlemen showed little interest. 

 

Shanghai spot aluminum prices

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