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Spot Aluminum Price Movement in East China (2013-10-23)

iconOct 23, 2013 15:36
Source:SMM
SHFE 1311 aluminum contract hovered near RMB 14,510/mt in the morning session after opening at RMB 14,500/mt on Wednesday.

SHANGHAI, Oct. 23 (SMM) – SHFE 1311 aluminum contract hovered near RMB 14,510/mt in the morning session after opening at RMB 14,500/mt on Wednesday. Spot aluminum in east China followed SHFE 1311 aluminum contract up RMB 50/mt. Prices were RMB 14,520-14,530/mt in Shanghai, RMB 14,510-14,520/mt in Wuxi, and RMB 14,500-14,510/mt in Hangzhou. Cargo holders were actively selling at highs, but higher offers watered down buying interest.  
 

Shanghai aluminum

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