Trading Activity in East China Aluminum Market Improves (Aug. 29, 2014)-Shanghai Metals Market

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Home > News > Price Review & Forecast > Trading Activity in East China Aluminum Market Improves (Aug. 29, 2014)

Trading Activity in East China Aluminum Market Improves (Aug. 29, 2014)

Price Review & Forecast 01:21:38PM Aug 29, 2014 Source:SMM

SHANGHAI, Aug. 29 (SMM) – Spot aluminum largely traded at RMB 14,370-14,400/mt in Shanghai Friday, a discount of RMB 0-10/mt over SHFE 1409 aluminum contract, versus RMB 14,380-14,410/mt in Wuxi and RMB 14,360-14,400/mt in Hangzhou. Sellers asked for higher prices after SHFE 1409 aluminum contract rose sharply to RMB 14,420/mt. Downstream demand picked up ahead of the weekend.

Key Words: Shanghai aluminum prices

Relative News

Price

#1 Refined Cu

Aug.20

46655.0

175.0

(0.38%)

Aluminum Ingot

Aug.21

14320.0

-60.0

(-0.42%)

#1 Lead

Aug.21

16875.0

175.0

(1.05%)

0# Zinc

Aug.21

18720.0

-150.0

(-0.79%)

#1 Tin Ingot

Aug.21

133000.0

750.0

(0.57%)

Trading Activity in East China Aluminum Market Improves (Aug. 29, 2014)

Price Review & Forecast 01:21:38PM Aug 29, 2014 Source:SMM

Key Words: Shanghai aluminum prices