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Home / Metal News / Higher Offers Cool Buying in East China Aluminum Market (Aug. 18, 2014)

Higher Offers Cool Buying in East China Aluminum Market (Aug. 18, 2014)

Aug 18, 2014 12:53

Source:SMM

Spot aluminum largely traded at RMB 14,000-14,010/mt in Shanghai on Monday, a discount of RMB 20-30/mt over SHFE 1409 aluminum contract.

SHANGHAI, Aug. 18 (SMM) – Spot aluminum largely traded at RMB 14,000-14,010/mt in Shanghai on Monday, a discount of RMB 20-30/mt over SHFE 1409 aluminum contract, versus RMB 14,040-14,050/mt in Wuxi and RMB 14,010-14,020/mt Hangzhou. Tight supply in Wuxi allowed local cargo holders to ask for higher prices. Sellers in other regions followed suit, holding offers firm above RMB 14,000/mt. Higher offers cooled buying.

Shanghai aluminum prices

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SHFE 1510 aluminum contract became the most active one on July 20.

Jul 21, 2015 09:13

SMM Comments

SMM Aluminum Market Daily Review (2015-4-20)

Last Friday night, SHFE 1506 aluminum contract inched up to RMB 13,210/mt after starting at RMB 13,205/mt.

Apr 21, 2015 09:31

SMM Comments

East China Aluminum Prices Follow SHFE Aluminum Down (Mar. 23, 2015)

Spot aluminum largely traded between RMB 13,050-13,060/mt in Shanghai on Monday, discounts of RMB 250-260/mt over SHFE 1504 aluminum contract.

Mar 23, 2015 13:08

SMM Comments

SMM Aluminum Market Daily Review (2015-3-20)

SHFE 1505 aluminum contract rose to RMB 13,400/mt after starting last Thursday’s night session at RMB 13,300/mt, and ended at RMB 13,360/mt.

Mar 23, 2015 09:30

SMM Comments

East China Aluminum Prices Rally as Buying Picks Up (Mar. 18, 2015)

Spot aluminum largely traded between RMB 12,870-12,890/mt in Shanghai on Wednesday, discounts of RMB 230-250/mt over SHFE 1503 aluminum contract.

Mar 18, 2015 15:11

SMM Comments

SMM Aluminum Market Daily Review (2015-3-12)

SHFE 1505 aluminum contract slid to RMB 12,890/mt after starting Wednesday’s night session at RMB 12,945/mt.

Mar 13, 2015 09:00

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 (2015-1-22)

On Wednesday night, SHFE 1503 aluminum contract shot up after starting at RMB 12,760/mt, and finished the night session at RMB 12,835/mt.

Jan 23, 2015 09:06

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

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