Spot Aluminum Price Movement in East China (2013-10-11)-Shanghai Metals Market

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Spot Aluminum Price Movement in East China (2013-10-11)

Price Review & Forecast 01:06:29PM Oct 11, 2013 Source:SMM

SHANGHAI, Oct. 11 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,610-14,630/mt on Friday, RMB 14,620-14,640/mt in Wuxi, and RMB 14,630-14,640/mt in Hangzhou. Downstream producers stayed out of the market as the price gap between SHFE 1310 and 1311 aluminum contracts expanded to RMB 120/mt and as delivery of SHFE current-month aluminum contracts is approaching. 
 

Key Words:  Shanghai aluminum  

Spot Aluminum Price Movement in East China (2013-10-11)

Price Review & Forecast 01:06:29PM Oct 11, 2013 Source:SMM

SHANGHAI, Oct. 11 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,610-14,630/mt on Friday, RMB 14,620-14,640/mt in Wuxi, and RMB 14,630-14,640/mt in Hangzhou. Downstream producers stayed out of the market as the price gap between SHFE 1310 and 1311 aluminum contracts expanded to RMB 120/mt and as delivery of SHFE current-month aluminum contracts is approaching. 
 

Key Words:  Shanghai aluminum