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SMM Aluminum Market Daily Review (2015-5-22)
May 25,2015 09:17CST
price review forecast
Source:SMM
SHFE 1507 aluminum contract moved sideways during last Friday’s morning session, but inched down in the afternoon. Finally, the contract ended at RMB 13,215/mt.

   

SHANGHAI, May 25 (SMM) –SHFE 1507 aluminum contract moved sideways during last Friday’s morning session, but inched down in the afternoon. Finally, the contract ended at RMB 13,215/mt. Trading volumes totaled 19,482 lots, and positions were down 4,578 to 108,620.
 
 
Spot aluminum largely traded between RMB 13,030-13,050/mt in Shanghai last Friday, discounts of RMB 150-170/mt over SHFE 1506 aluminum contract, versus RMB 13,020-13,040/mt in Wuxi, and RMB 13,080-13,090/mt in Hangzhou. Suppliers were eager to sell, but processors generally took a wait-and-see stance. Traders also showed little buying interest. In the afternoon, suppliers cut offers to RMB 13,020-13,030/mt after SHFE aluminum fell. But lower prices did not lure buyers in. 
 
 
 
SHFE aluminum prices
Shanghai aluminum prices

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