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Spot Aluminum Price Movement in East China (2013-11-4)
Nov 4, 2013 13:05Source:SMM
No shipments arriving allowed cargo holders in Shanghai to hold offers firm, leaving mainstream traded prices at RMB 14,440-14,450/mt on Monday.
SHANGHAI, Nov. 4 (SMM) – No shipments arriving allowed cargo holders in Shanghai to hold offers firm, leaving mainstream traded prices at RMB 14,440-14,450/mt on Monday, a premium of RMB 20-30/mt over SHFE 1311 aluminum contract. Tighter supply in Wuxi pushed prices there up to RMB 14,440-14,460/mt. Prices in Hangzhou were lower at RMB 14,420-14,440/mt due to growing inventories and weak demand.
Shanghai aluminum
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