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

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

Price Review & Forecast 12:53:41PM Aug 18, 2014 Source:SMM
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.  
 
 
 
 
 
 
 
 

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

Price Review & Forecast 12:53:41PM Aug 18, 2014 Source:SMM
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.