Aluminum Prices in East China Follow SHFE Aluminum Up RMB 120/mt (Aug. 5, 2014)-Shanghai Metals Market

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Aluminum Prices in East China Follow SHFE Aluminum Up RMB 120/mt (Aug. 5, 2014)

Price Review & Forecast 01:15:49PM Aug 05, 2014 Source:SMM
SHANGHAI, Aug. 5 (SMM) - Spot aluminum largely traded at RMB 14,010-14,020/mt in Shanghai on Tuesday, a discount of RMB 20-30/mt over SHFE 1408 aluminum contract. Mainstream traded prices were RMB 14,020-14,040/mt in Wuxi and RMB 14,030-14,040/mt in Hangzhou. Rising SHFE aluminum allowed sellers to demand higher prices, driving downstream producers to the sidelines. Only a few traders were willing to buy. 
 
 
 
 
 
 
 
 

Aluminum Prices in East China Follow SHFE Aluminum Up RMB 120/mt (Aug. 5, 2014)

Price Review & Forecast 01:15:49PM Aug 05, 2014 Source:SMM
SHANGHAI, Aug. 5 (SMM) - Spot aluminum largely traded at RMB 14,010-14,020/mt in Shanghai on Tuesday, a discount of RMB 20-30/mt over SHFE 1408 aluminum contract. Mainstream traded prices were RMB 14,020-14,040/mt in Wuxi and RMB 14,030-14,040/mt in Hangzhou. Rising SHFE aluminum allowed sellers to demand higher prices, driving downstream producers to the sidelines. Only a few traders were willing to buy.