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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

Source:SMM

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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In east China spot aluminum market, suppliers released fewer goods into the market, and downstream buying picked up.

Oct 26, 2015 15:50

SMM Comments

SMM Aluminum Market Daily Review (2015-9-18)

SHFE 1511 aluminum briefly dipped to RMB 11,930/mt after opening at RMB 11,975/mt on Friday.

Sep 21, 2015 09:02

SMM Comments

East China Aluminum Prices Rise as Demand Picks up (Sept. 18, 2015)

Trading was brisk in east China spot aluminum market on Friday, driving prices up.

Sep 18, 2015 16:56

SMM Comments

SMM Aluminum Market Daily Review (2015-9-16)

SHFE 1511 aluminum dipped to RMB 11,875/mt after opening at RMB 11,930/mt on Wednesday.

Sep 17, 2015 09:04

SMM Comments

East China Aluminum Prices Extend Losses, Spot Discounts Widen (Jun. 11, 2015)

Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai on Thursday, discounts of RMB 60-70/mt over SHFE 1506 aluminum contract.

Jun 11, 2015 12:13

SMM Comments

SMM Aluminum Market Daily Review (2015-6-5)

Last Friday, massive entry of shorts caused SHFE 1508 aluminum contract to drop to RMB 13,000/mt before ending at RMB 13,010/mt.

Jun 8, 2015 09:51

SMM Comments

SMM Aluminum Market Daily Review (2015-5-14)

On Thursday, SHFE 1507 aluminum contract fell below the 20-day moving average to RMB 13,270/mt due to selloffs at highs.

May 15, 2015 09:02

SMM Comments

SMM Aluminum Market Daily Review (2015-2-4)

On Tuesday night, SHFE 1504 aluminum contract dropped to RMB 13,105/mt due to profit-taking at highs after starting at RMB 13,200/mt.

Feb 5, 2015 09:27

SMM Comments

SMM Aluminum Market Daily Review (2015-1-29)

On Wednesday night, SHFE 1504 aluminum contract slipped to RMB 12,840/mt after starting at RMB 12,870/mt, and finished the night session at RMB 12,855/mt.

Jan 30, 2015 09:37

SMM Comments

SMM Aluminum Market Daily Review (2015-1-21)

–On Tuesday night, SHFE 1503 aluminum contract slipped to RMB 12,750/mt after starting at RMB 12,820/mt, and finished the night session at RMB 12,815/mt.

Jan 22, 2015 09:23

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

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