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

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Market commentary
  • Primary lead
  • Copper
  • Customs data
  • Nickel
  • Futures movement
  • Inventory data
  • Evening comments
  • price forecast
  • MMi Iron Ore Port Index
  • Morning comments
  • Secondary lead

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  

Price

more
Aluminum Ingot
May.27
14350.0
120.0
(0.84%)
Aluminum Ingot - Fo Shan
May.27
14460.0
140.0
(0.98%)
Aluminum Ingot - Wu Xi
May.27
14330.0
100.0
(0.70%)
Aluminum Ingot - Hang Zhou
May.27
14375.0
115.0
(0.81%)
Aluminum Ingot - Chong Qing
May.27
14380.0
120.0
(0.84%)

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