Aluminum Prices in East China Dip, Trading Sluggish (Aug. 6, 2014)-Shanghai Metals Market

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Aluminum Prices in East China Dip, Trading Sluggish (Aug. 6, 2014)

Price Review & Forecast 01:11:23PM Aug 06, 2014 Source:SMM
SHANGHAI, Aug. 6 (SMM) - Spot aluminum largely traded at RMB 13,950-13,960/mt in Shanghai and Wuxi on Wednesday, a discount of RMB 30-40/mt over SHFE 1408 aluminum contract. Mainstream traded prices were RMB 13,960-13,970/mt in Hangzhou. Spot aluminum prices followed SHFE 1408 aluminum contract down RMB 60/mt. Traders lost buying interest, while downstream producers sourced only on an as-needed basis. 
 
 
 
 
 
 

Aluminum Prices in East China Dip, Trading Sluggish (Aug. 6, 2014)

Price Review & Forecast 01:11:23PM Aug 06, 2014 Source:SMM
SHANGHAI, Aug. 6 (SMM) - Spot aluminum largely traded at RMB 13,950-13,960/mt in Shanghai and Wuxi on Wednesday, a discount of RMB 30-40/mt over SHFE 1408 aluminum contract. Mainstream traded prices were RMB 13,960-13,970/mt in Hangzhou. Spot aluminum prices followed SHFE 1408 aluminum contract down RMB 60/mt. Traders lost buying interest, while downstream producers sourced only on an as-needed basis.