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Aluminum Prices in East China Inch Up as Demand Picks Up (Jan. 23, 2015)
Jan 23, 2015 12:06Source:SMM
Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai and Hangzhou on Friday, discounts of RMB 40-50/mt over SHFE 1502 aluminum contract.
SHANGHAI, Jan. 23 (SMM) – Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai and Hangzhou on Friday, discounts of RMB 40-50/mt over SHFE 1502 aluminum contract, versus RMB 12,730-12,760/mt in Wuxi. Demand picked up before the weekend, allowing sellers to ask for higher prices. However, higher offers cooled buying, forcing sellers to cut offers later in the day.
Shanghai aluminum prices
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