Spot Aluminum Price Movement in East China (2013-10-14)

Price Review & Forecast 01:29:16PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,600-14,610/mt on Monday, a premium of RMB 0-10/mt over SHFE 1310 aluminum contracts. Aggressive sales by Inner Mongolia Datang Renewable Resources and Henan Shenhuo Group sent prices in Wuxi down to RMB 14,600-14,610/mt in Wuxi, flat with Shanghai. Prices were RMB 14,610-14,620/mt in Hangzhou. High prices deterred downstream producers from buying.
 

Key Words:  Shanghai aluminum  

Spot Aluminum Price Movement in East China (2013-10-14)

Price Review & Forecast 01:29:16PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,600-14,610/mt on Monday, a premium of RMB 0-10/mt over SHFE 1310 aluminum contracts. Aggressive sales by Inner Mongolia Datang Renewable Resources and Henan Shenhuo Group sent prices in Wuxi down to RMB 14,600-14,610/mt in Wuxi, flat with Shanghai. Prices were RMB 14,610-14,620/mt in Hangzhou. High prices deterred downstream producers from buying.
 

Key Words:  Shanghai aluminum