Spot Aluminum Price Movement in East China (2014-2-18)-Shanghai Metals Market

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Spot Aluminum Price Movement in East China (2014-2-18)

Price Review & Forecast 01:22:20PM Feb 18, 2014 Source:SMM

SHANGHAI, Feb. 18 (SMM) – SHFE 1403 aluminum contract, which switched to the current-month contract on Tuesday, drifted lower to RMB 13,360/mt before lunchtime. Spot aluminum largely traded at RMB 13,180-13,200/mt in Shanghai, RMB 13,150-13,170/mt in Wuxi, and RMB 13,170-13,180/mt in Hangzhou. Sellers were anxious to sell, but falling SHFE aluminum kept buyers cautious about buying.

 

Spot Aluminum Price Movement in East China (2014-2-18)

Price Review & Forecast 01:22:20PM Feb 18, 2014 Source:SMM

SHANGHAI, Feb. 18 (SMM) – SHFE 1403 aluminum contract, which switched to the current-month contract on Tuesday, drifted lower to RMB 13,360/mt before lunchtime. Spot aluminum largely traded at RMB 13,180-13,200/mt in Shanghai, RMB 13,150-13,170/mt in Wuxi, and RMB 13,170-13,180/mt in Hangzhou. Sellers were anxious to sell, but falling SHFE aluminum kept buyers cautious about buying.