Spot Aluminum Price Movement in East China (2013-10-30)

Price Review & Forecast 02:15:51PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – Spot aluminum prices in Shanghai and Wuxi were RMB 14,490-14,500/mt on Wednesday, a backwardation of RMB 10-20/mt over SHFE 1311 aluminum contract. Prices in Hangzhou were lower at RMB 14,470-14,480/mt. Cargo holders sold aggressively, but consumption was sluggish. 
 

Key Words:  Shanghai aluminum  

Spot Aluminum Price Movement in East China (2013-10-30)

Price Review & Forecast 02:15:51PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – Spot aluminum prices in Shanghai and Wuxi were RMB 14,490-14,500/mt on Wednesday, a backwardation of RMB 10-20/mt over SHFE 1311 aluminum contract. Prices in Hangzhou were lower at RMB 14,470-14,480/mt. Cargo holders sold aggressively, but consumption was sluggish. 
 

Key Words:  Shanghai aluminum