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  

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