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  

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