Rising Aluminum Prices in East China Dent Appetite (Aug. 27, 2014)-Shanghai Metals Market

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Rising Aluminum Prices in East China Dent Appetite (Aug. 27, 2014)

Price Review & Forecast 02:53:51PM Aug 27, 2014 Source:SMM
SHANGHAI, Aug. 27 (SMM) – Spot aluminum largely traded at RMB 14,380-14,390/mt in Shanghai on Wednesday, a discount of RMB 20-30/mt over SHFE 1409 aluminum contract, versus RMB 14,400-14,410/mt in Wuxi and RMB 14,390-14,400/mt in Hangzhou. Sellers asked for higher prices after SHFE aluminum prices rose sharply. Higher offers dented traders’ appetite. 
 
 
 
 
    
 

Rising Aluminum Prices in East China Dent Appetite (Aug. 27, 2014)

Price Review & Forecast 02:53:51PM Aug 27, 2014 Source:SMM
SHANGHAI, Aug. 27 (SMM) – Spot aluminum largely traded at RMB 14,380-14,390/mt in Shanghai on Wednesday, a discount of RMB 20-30/mt over SHFE 1409 aluminum contract, versus RMB 14,400-14,410/mt in Wuxi and RMB 14,390-14,400/mt in Hangzhou. Sellers asked for higher prices after SHFE aluminum prices rose sharply. Higher offers dented traders’ appetite.