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Home / Metal News / Trading in East China Aluminum Market Muted as Pessimism Spreads (Oct. 16, 2014)

Trading in East China Aluminum Market Muted as Pessimism Spreads (Oct. 16, 2014)

Oct 16, 2014 13:28

pot aluminum largely traded at RMB 13,590-13,600/mt in Shanghai and Wuxi on Thursday, discounts of RMB 50-60/mt over SHFE 1411 aluminum contract.

SHANGHAI, Oct. 16 (SMM) – Spot aluminum largely traded at RMB 13,590-13,600/mt in Shanghai and Wuxi on Thursday, discounts of RMB 50-60/mt over SHFE 1411 aluminum contract, versus RMB 13,600-13,610/mt in Hangzhou. Falling SHFE aluminum prices soured sentiment in physical market. Most buyers took a wait-and-see stance, pulling prices down.

Shanghai aluminum prices

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