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

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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. 
 
 

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.