Trading Activity in East China Aluminum Market Improves (Aug. 29, 2014)
Price Review & Forecast01:21:38PM Aug 29, 2014Source: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.
Trading Activity in East China Aluminum Market Improves (Aug. 29, 2014)
Price Review & Forecast01:21:38PM Aug 29, 2014Source: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.