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

Jan 12, 2015 14:45

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

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