Spot Aluminum Price Movement in East China (2013-10-28)

Price Review & Forecast 02:30:48PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – Spot aluminum prices in Shanghai were RMB 14,490-14,500/mt on Monday, a premium of RMB 0-10/mt over SHFE 1311 aluminum contract. Prices in Wuxi edged higher to RMB 14,490-14,500/mt due to falling supply. Traded prices were RMB 14,480-14,490/mt in Hangzhou. Tightening liquidity at the month’s end deterred downstream producers and traders from buying.

 

Key Words:  Shanghai aluminum  

Spot Aluminum Price Movement in East China (2013-10-28)

Price Review & Forecast 02:30:48PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – Spot aluminum prices in Shanghai were RMB 14,490-14,500/mt on Monday, a premium of RMB 0-10/mt over SHFE 1311 aluminum contract. Prices in Wuxi edged higher to RMB 14,490-14,500/mt due to falling supply. Traded prices were RMB 14,480-14,490/mt in Hangzhou. Tightening liquidity at the month’s end deterred downstream producers and traders from buying.

 

Key Words:  Shanghai aluminum