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

Price Review & Forecast 01:26:16PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – Spot aluminum in Shanghai was at a backwardation of RMB 0-10/mt over SHFE 1310 aluminum contract on Thursday. Mainstream traded prices in Shanghai were RMB 14,590-14,600/mt, RMB 14,590-14,610/mt in Wuxi, and RMB 14,600-14,610/mt in Hangzhou. Purchases by traders were limited, while downstream producers opted not to enter the market until SHFE 1310 aluminum contracts are delivered. 
 

Key Words:  Shanghai aluminum  

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

Price Review & Forecast 01:26:16PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – Spot aluminum in Shanghai was at a backwardation of RMB 0-10/mt over SHFE 1310 aluminum contract on Thursday. Mainstream traded prices in Shanghai were RMB 14,590-14,600/mt, RMB 14,590-14,610/mt in Wuxi, and RMB 14,600-14,610/mt in Hangzhou. Purchases by traders were limited, while downstream producers opted not to enter the market until SHFE 1310 aluminum contracts are delivered. 
 

Key Words:  Shanghai aluminum