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

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

Price Review & Forecast 12:59:09PM Oct 22, 2013 Source:SMM

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.
 

Key Words:  Shanghai aluminum  

Price

more
Aluminum Ingot
May.21
14240.0
-40.0
(-0.28%)
Aluminum Ingot - Fo Shan
May.21
14330.0
-10.0
(-0.07%)
Aluminum Ingot - Wu Xi
May.21
14245.0
-35.0
(-0.25%)
Aluminum Ingot - Hang Zhou
May.21
14265.0
-35.0
(-0.24%)
Aluminum Ingot - Chong Qing
May.21
14270.0
-30.0
(-0.21%)

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

Price Review & Forecast 12:59:09PM Oct 22, 2013 Source:SMM

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.
 

Key Words:  Shanghai aluminum