Spot Aluminum Price Movement in East China (2013-12-2)

Price Review & Forecast 12:43:35PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – Mainstream traded prices for spot aluminum in Shanghai, Wuxi and Hangzhou were RMB 14,250-14,260/mt on Monday, a premium of RMB 70-80/mt over SHFE 1312 aluminum contracts. Large suppliers refrained from selling at low prices as tight liquidity has eased somewhat at the beginning of the month, keeping spot aluminum prices stable at RMB 14,260/mt. Trading was brisk at the lower-end of the price band in Shanghai. Cargo holders in Wuxi were planning to cut prices due to weak demand. 
 

Key Words:  Shanghai aluminum  

Spot Aluminum Price Movement in East China (2013-12-2)

Price Review & Forecast 12:43:35PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – Mainstream traded prices for spot aluminum in Shanghai, Wuxi and Hangzhou were RMB 14,250-14,260/mt on Monday, a premium of RMB 70-80/mt over SHFE 1312 aluminum contracts. Large suppliers refrained from selling at low prices as tight liquidity has eased somewhat at the beginning of the month, keeping spot aluminum prices stable at RMB 14,260/mt. Trading was brisk at the lower-end of the price band in Shanghai. Cargo holders in Wuxi were planning to cut prices due to weak demand. 
 

Key Words:  Shanghai aluminum