Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Nov. 20 (SMM) – SHFE 1312 aluminum contract climbed above the 5-day moving average to near RMB 14,310/mt before lunchtime on Wednesday. Spot aluminum prices were RMB 14,350-14,370/mt in Shanghai, RMB 14,350-14,370/mt in Wuxi, and RMB 14,330-14,350/mt in Hangzhou. Rising SHFE aluminum allowed spot aluminum suppliers to hike offers, but consumption remained lackluster, preventing aluminum prices from rising appreciably. Bearish sentiment still dominates the market.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn