Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Oct. 9 (SMM) – Cargo holders were eager to sell, but downstream producers were little interested in buying. Traders held to a wait-and-see stance in the belief that prices will fall. This caused backwardation over SHFE 1310 aluminum contract to fall to RMB 20-30/mt. Mainstream traded prices in Shanghai were RMB 14,600-14,610/mt, RMB 14,600-14,640/mt in Wuxi, and RMB 14,600-14,610/mt in Hangzhou.
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