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

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

Jan 12, 2015 14:45

Source:SMM

Spot aluminum largely traded between RMB 12,750-12,760/mt in Shanghai on Monday, discounts of RMB 0-10/mt over SHFE 1501 aluminum contract.

SHANGHAI, Jan. 12 (SMM) – Spot aluminum largely traded between RMB 12,750-12,760/mt in Shanghai on Monday, discounts of RMB 0-10/mt over SHFE 1501 aluminum contract, versus RMB 12,740-12,750/mt in Wuxi and RMB 12,790-12,800/mt in Hangzhou. Sellers rushed to sell against pullback in SHFE aluminum and growing arrivals over the weekend. Buyers sat tight now that supply is abundant, sending 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

East China Aluminum Consumption Improves Before 3-Day Holiday (Sept. 1, 2015)

Aluminum prices were mainly between RMB 11,730-11,740/mt in Shanghai on Tuesday, discounts of RMB 60-50/mt over SHFE 1509 aluminum.

Sep 1, 2015 14:19

SMM Comments

East China Aluminum Prices Rise, Spot Discounts Narrow (Aug. 27, 2015)

Aluminum prices were mainly between RMB 11,775-11,800/mt in Shanghai on Thursday, discounts of RMB 60-85/mt over September aluminum on the SHFE.

Aug 27, 2015 13:43

SMM Comments

Spot Discounts in East China Aluminum Market Widen to RMB RMB 150-170/mt (May 18, 2015)

Spot aluminum largely traded between RMB 13,070-13,090/mt in Shanghai on Monday, discounts of RMB 150-170/mt over SHFE 1506 aluminum contract.

May 18, 2015 13:14

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

Falling China Aluminum Prices Improve Buying (May 12, 2015)

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

May 12, 2015 14:11

SMM Comments

Spot Discounts in East China Aluminum Market Narrow as Oversupply Eases (Apr. 30, 2015)

Spot aluminum largely traded between RMB 13,110-13,130/mt in Shanghai on Thursday, discounts of RMB 170-150/mt over SHFE 1505 aluminum contract.

Apr 30, 2015 13:18

SMM Comments

SMM Aluminum Market Daily Review (2015-1-20)

On Monday night, SHFE 1503 aluminum contract slipped to RMB 12,785/mt after starting at RMB 12,835/mt, and finished the night session at RMB 12,810/mt.

Jan 21, 2015 09:27

SMM Comments

Aluminum Prices in East China Fall on Slack Demand (Jan. 20, 2015)

Spot aluminum largely traded between RMB 12,740-12,750/mt in Shanghai and Wuxi on Tuesday, discounts of RMB 20-40/mt over SHFE 1502 aluminum contract.

Jan 20, 2015 13:25

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

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