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Home / Metal News / Demand Picks Up, But Aluminum Prices in East China Still Down (Aug. 1, 2014)

Demand Picks Up, But Aluminum Prices in East China Still Down (Aug. 1, 2014)

Aug 1, 2014 12:40

Spot aluminum largely traded between RMB 13,940-13,950/mt in Shanghai on Friday, a discount of RMB 30-40/mt over SHFE 1408 aluminum contract.

SHANGHAI, Aug. 1 (SMM) - Spot aluminum largely traded between RMB 13,940-13,950/mt in Shanghai on Friday, a discount of RMB 30-40/mt over SHFE 1408 aluminum contract. Mainstream traded prices were RMB 13,950-13,960/mt in Wuxi and RMB 13,960-13,970/mt in Hangzhou. Weak SHFE 1408 aluminum contract sent spot aluminum prices down RMB 30/mt. Downstream producers went bargain hunting ahead of the weekend.

Shanghai aluminum prices

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