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Spot Aluminum Price Movement in East China (2013-11-20)
Nov 20, 2013 12:47Source:SMM
SHFE 1312 aluminum contract climbed above the 5-day moving average to near RMB 14,310/mt before lunchtime on Wednesday.
SHANGHAI, 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.
Shanghai aluminum
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