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Home / Metal News / Spot Aluminum Price Movement in East China (2013-10-22)

Spot Aluminum Price Movement in East China (2013-10-22)

iconOct 22, 2013 12:59
Source:SMM
Arrivals into Shanghai did not grow appreciably, so supply in the region remained tight.

SHANGHAI, Oct. 22 (SMM) – Arrivals into Shanghai did not grow appreciably, so supply in the region remained tight. This drove mainstream traded prices there up to RMB 14,480-14,500/mt on Tuesday, a premium of RMB 20-30/mt over SHFE 1311 aluminum contracts. Prices in Wuxi and Hangzhou were almost the same at RMB 14,460-14,470/mt. Downstream producers in Shanghai did not scramble to buy, despite limited supply on the market.
 

Shanghai aluminum

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