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Home / Metal News / Rising Aluminum Prices Curb Appetite in East China (Oct. 20, 2014)

Rising Aluminum Prices Curb Appetite in East China (Oct. 20, 2014)

Oct 20, 2014 13:50

Spot aluminum largely traded at RMB 13,670-13,680/mt in Shanghai on Monday, discounts of RMB 60-70/mt over SHFE 1411 aluminum contract.

SHANGHAI, Oct. 20 (SMM) – Spot aluminum largely traded at RMB 13,670-13,680/mt in Shanghai on Monday, discounts of RMB 60-70/mt over SHFE 1411 aluminum contract, versus RMB 13,680-13,690/mt in Wuxi and RMB 13,690-13,700/mt in Hangzhou. The rise in aluminum prices was driven mainly by macro front, rather than market fundamentals. Rising prices depressed buying interest.

Shanghai aluminum prices

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