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Spot Aluminum Price Movement in East China (2014-3-7)
Mar 7,2014 11:56CST
price review forecast
Source:SMM
Spot aluminum largely traded at RMB 12,800-12,810/mt in Shanghai on Friday, a discount of RMB 260-270/mt over SHFE 1403 aluminum contract prices.

SHANGHAI, Mar. 7 (SMM) – Spot aluminum largely traded at RMB 12,800-12,810/mt in Shanghai on Friday, a discount of RMB 260-270/mt over SHFE 1403 aluminum contract prices, RMB 12,770-12,790/mt in Wuxi, and RMB 12,810-12,820/mt in Hangzhou. Downstream producers went bargain hunting after prices in Shanghai fell to RMB 12,790/mt, allowing sellers to raise offers. However, consumption faltered once prices rose.

 

 

Shanghai aluminum prices

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