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Home / Metal News / Spot Aluminum Price Movement in East China (2014-3-7)

Spot Aluminum Price Movement in East China (2014-3-7)

Mar 7, 2014 11:56

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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In east China spot aluminum market, suppliers released fewer goods into the market, and downstream buying picked up.

Oct 26, 2015 15:50

SMM Comments

SMM Aluminum Market Daily Review (2015-9-18)

SHFE 1511 aluminum briefly dipped to RMB 11,930/mt after opening at RMB 11,975/mt on Friday.

Sep 21, 2015 09:02

SMM Comments

East China Aluminum Prices Rise as Demand Picks up (Sept. 18, 2015)

Trading was brisk in east China spot aluminum market on Friday, driving prices up.

Sep 18, 2015 16:56

SMM Comments

SMM Aluminum Market Daily Review (2015-9-16)

SHFE 1511 aluminum dipped to RMB 11,875/mt after opening at RMB 11,930/mt on Wednesday.

Sep 17, 2015 09:04

SMM Comments

East China Aluminum Prices Extend Losses, Spot Discounts Widen (Jun. 11, 2015)

Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai on Thursday, discounts of RMB 60-70/mt over SHFE 1506 aluminum contract.

Jun 11, 2015 12:13

SMM Comments

SMM Aluminum Market Daily Review (2015-6-5)

Last Friday, massive entry of shorts caused SHFE 1508 aluminum contract to drop to RMB 13,000/mt before ending at RMB 13,010/mt.

Jun 8, 2015 09:51

SMM Comments

SMM Aluminum Market Daily Review (2015-5-14)

On Thursday, SHFE 1507 aluminum contract fell below the 20-day moving average to RMB 13,270/mt due to selloffs at highs.

May 15, 2015 09:02

SMM Comments

SMM Aluminum Market Daily Review (2015-2-4)

On Tuesday night, SHFE 1504 aluminum contract dropped to RMB 13,105/mt due to profit-taking at highs after starting at RMB 13,200/mt.

Feb 5, 2015 09:27

SMM Comments

SMM Aluminum Market Daily Review (2015-1-29)

On Wednesday night, SHFE 1504 aluminum contract slipped to RMB 12,840/mt after starting at RMB 12,870/mt, and finished the night session at RMB 12,855/mt.

Jan 30, 2015 09:37

SMM Comments

SMM Aluminum Market Daily Review (2015-1-21)

–On Tuesday night, SHFE 1503 aluminum contract slipped to RMB 12,750/mt after starting at RMB 12,820/mt, and finished the night session at RMB 12,815/mt.

Jan 22, 2015 09:23

SMM Comments

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Spot Aluminum Price Movement in East China (2014-3-7)

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NET ZERO EUROPE - Solar & Energy Storage Summit

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