Aluminum Prices in East China Rise Before Falling Back (Jan. 19, 2015)-Shanghai Metals Market

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Aluminum Prices in East China Rise Before Falling Back (Jan. 19, 2015)

Price Review & Forecast 01:19:15PM Jan 19, 2015 Source:SMM
SHANGHAI, Jan. 19 (SMM) – Spot aluminum largely traded between RMB 12,810-12,830/mt in Shanghai on Monday, discounts of RMB 0-10/mt over SHFE 1502 aluminum contract, versus RMB 12,820-12,830/mt in Wuxi and RMB 12,830-12,850/mt in Hangzhou. Spot aluminum rose at first, but then fell back, tracking the movement of SHFE aluminum. Trading was modest.  
 
 
 
  
 

Aluminum Prices in East China Rise Before Falling Back (Jan. 19, 2015)

Price Review & Forecast 01:19:15PM Jan 19, 2015 Source:SMM
SHANGHAI, Jan. 19 (SMM) – Spot aluminum largely traded between RMB 12,810-12,830/mt in Shanghai on Monday, discounts of RMB 0-10/mt over SHFE 1502 aluminum contract, versus RMB 12,820-12,830/mt in Wuxi and RMB 12,830-12,850/mt in Hangzhou. Spot aluminum rose at first, but then fell back, tracking the movement of SHFE aluminum. Trading was modest.