Spot Aluminum Price Movement in East China (2013-10-9)-Shanghai Metals Market

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Spot Aluminum Price Movement in East China (2013-10-9)

Price Review & Forecast 01:22:11PM Oct 09, 2013 Source:SMM

SHANGHAI, 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.
 

Key Words:  Shanghai aluminum  

Price

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SMM #1 Nickel
May.24
97550.0
25.0
(0.03%)
#1 JinChuan Nickel
May.24
98050.0
-75.0
(-0.08%)
#1 Import Nickel
May.24
97025.0
125.0
(0.13%)
JinChuan B&C
May.24
1200.0
-200.0
(-14.29%)
Russian nickel premium
May.24
125.0
-75.0
(-37.50%)

Spot Aluminum Price Movement in East China (2013-10-9)

Price Review & Forecast 01:22:11PM Oct 09, 2013 Source:SMM

SHANGHAI, 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.
 

Key Words:  Shanghai aluminum