Spot Aluminum Price Movement in East China (2013-10-17)

Price Review & Forecast 01:55:04PM Oct 17, 2013 Source:SMM

SHANGHAI, Oct. 17 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,430-14,440/mt on Thursday, a premium of RMB 10-20/mt over SHFE 1311 aluminum contracts. Prices were RMB 14,410-14,430/mt in Wuxi, and RMB 14,420-14,440/mt in Hangzhou. Traders preferred to source aluminum ingot from Wuxi where prices were the lowest in east China. Downstream producers, however, were modestly interested in buying.

 

Key Words:  Shanghai aluminum  

Spot Aluminum Price Movement in East China (2013-10-17)

Price Review & Forecast 01:55:04PM Oct 17, 2013 Source:SMM

SHANGHAI, Oct. 17 (SMM) – Mainstream traded prices for spot aluminum in Shanghai were RMB 14,430-14,440/mt on Thursday, a premium of RMB 10-20/mt over SHFE 1311 aluminum contracts. Prices were RMB 14,410-14,430/mt in Wuxi, and RMB 14,420-14,440/mt in Hangzhou. Traders preferred to source aluminum ingot from Wuxi where prices were the lowest in east China. Downstream producers, however, were modestly interested in buying.

 

Key Words:  Shanghai aluminum