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

Price Review & Forecast 03:36:47PM Oct 23, 2013 Source:SMM

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.  
 

Key Words:  Shanghai aluminum  

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

Price Review & Forecast 03:36:47PM Oct 23, 2013 Source:SMM

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.  
 

Key Words:  Shanghai aluminum