Rising East China Aluminum Prices Fall on Growing Pessimism (May 7, 2015)

Published: May 7, 2015 13:23

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–Spot aluminum largely traded between RMB 13,140-13,160/mt in Shanghai on Thursday, discounts of RMB 180-200/mt over SHFE 1505 aluminum contract.

SHANGHAI, May 7 (SMM) –Spot aluminum largely traded between RMB 13,140-13,160/mt in Shanghai on Thursday, discounts of RMB 180-200/mt over SHFE 1505 aluminum contract, versus RMB 13,100-13,130/mt in Wuxi, and RMB 13,160-13,170/mt in Hangzhou. SHFE 1505 aluminum contract gave back most of previous day’s gains, turning market players in spot market bearish. Sellers were anxious to sell, but buyers sat tight, sending prices down.

Shanghai aluminum prices

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