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Home / Metal News / Trading in East China Aluminum Market Muted (Oct. 29, 2014)

Trading in East China Aluminum Market Muted (Oct. 29, 2014)

Oct 29, 2014 13:16

Source:SMM

Spot aluminum largely traded at RMB 13,620-13,630/mt in Shanghai and Wuxi on Wednesday, discounts of RMB 80-90/mt over SHFE 1411 aluminum contract.

SHANGHAI, Oct. 29 (SMM) – Spot aluminum largely traded at RMB 13,620-13,630/mt in Shanghai and Wuxi on Wednesday, discounts of RMB 80-90/mt over SHFE 1411 aluminum contract, versus RMB 13,640-13,650/mt in Hangzhou. Buyers pushed for lower prices, but sellers refused to cut offers, leaving trading muted.

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

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

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Spot aluminum in east China followed SHFE 1505 aluminum contract down on Tuesday.

May 12, 2015 14:11

SMM Comments

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SMM Comments

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SMM Comments

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Jan 20, 2015 13:25

SMM Comments

Severe Oversupply Weighs Down Aluminum Prices in East China (Jan. 12, 2015)

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Trading in East China Aluminum Market Muted (Oct. 29, 2014)

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