Spot Aluminum Price Movement in East China (2013-10-16)-Shanghai Metals Market

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Spot Aluminum Price Movement in East China (2013-10-16)

Price Review & Forecast 02:33:18PM Oct 16, 2013 Source:SMM

SHANGHAI, Oct. 16 (SMM) – SHFE 1311 aluminum contracts, the new current-month contracts, dipped to RMB 14,365/mt before noon on Wednesday. Mainstream traded prices for spot aluminum in Shanghai dropped RMB 60-90/mt to RMB 14,430-14,440/mt, a premium of RMB 50-70/mt over SHFE 1311 aluminum contracts. Prices were RMB 14,410-14,420/mt in Wuxi, and RMB 14,420-14,440/mt in Hangzhou. Downstream producers were little interested in purchasing, depressing overall trading. 
 

Key Words:  Shanghai aluminum  

Price

more
#1 Lead
May.24
16300.0
100.0
(0.62%)
#1 Lead - Guangdong
May.24
16275.0
100.0
(0.62%)
#1 Lead - Henan
May.24
16275.0
100.0
(0.62%)
#1 Lead -Tianjin
May.24
16275.0
100.0
(0.62%)
#2 Lead
May.24
16300.0
100.0
(0.62%)

Spot Aluminum Price Movement in East China (2013-10-16)

Price Review & Forecast 02:33:18PM Oct 16, 2013 Source:SMM

SHANGHAI, Oct. 16 (SMM) – SHFE 1311 aluminum contracts, the new current-month contracts, dipped to RMB 14,365/mt before noon on Wednesday. Mainstream traded prices for spot aluminum in Shanghai dropped RMB 60-90/mt to RMB 14,430-14,440/mt, a premium of RMB 50-70/mt over SHFE 1311 aluminum contracts. Prices were RMB 14,410-14,420/mt in Wuxi, and RMB 14,420-14,440/mt in Hangzhou. Downstream producers were little interested in purchasing, depressing overall trading. 
 

Key Words:  Shanghai aluminum