Rising East China Aluminum Prices Cool Buying (May 6, 2015)

Published: May 6, 2015 13:13

Save

Spot aluminum largely traded between RMB 13,230-13,240/mt in Shanghai on Wednesday, discounts of RMB 170-200/mt over SHFE 1505 aluminum contract.

SHANGHAI, May 6 (SMM) –Spot aluminum largely traded between RMB 13,230-13,240/mt in Shanghai on Wednesday, discounts of RMB 170-200/mt over SHFE 1505 aluminum contract, versus RMB 13,200-13,240/mt in Wuxi, and RMB 13,260-13,280/mt in Hangzhou. SHFE 1505 aluminum contract rose sharply, encouraging sellers in spot market to demand higher prices. Higher offers depressed buying, forcing sellers to cut offers later.

Shanghai aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

2 hours ago

20 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

20 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

20 hours ago