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Home / Metal News / East China Aluminum Prices Rebound as Demand Picks Up (May 29, 2015)

East China Aluminum Prices Rebound as Demand Picks Up (May 29, 2015)

May 29, 2015 13:39

Source:SMM

Spot aluminum largely traded between RMB 12,970-12,980/mt in Shanghai on Friday, discounts of RMB 110-120/mt over SHFE 1506 aluminum contract.

SHANGHAI, May 29 (SMM) – Spot aluminum largely traded between RMB 12,970-12,980/mt in Shanghai on Friday, discounts of RMB 110-120/mt over SHFE 1506 aluminum contract, versus RMB 12,950-12,970/mt in Wuxi, and RMB 13,000-13,010/mt in Hangzhou. Market supply fell because more traders just finished delivery under term contracts. Demand picked up before the weekend, allowing prices to rebound.

Shanghai aluminum prices

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On Friday, SHFE 1508 aluminum staged a technical upward correction, bouncing back to RMB 12,775/mt.

Jun 12, 2015 18:31

SMM Comments

SMM Aluminum Market Daily Review (2015-6-11)

SHFE 1508 aluminum was range-bound on Thursday morning, but followed LME aluminum down to RMB 12,830/mt in the afternoon.

Jun 12, 2015 09:23

SMM Comments

SMM Aluminum Market Daily Review (2015-6-10)

SHFE 1508 aluminum was range-bound on Wednesday amid quiet macro front.

Jun 11, 2015 09:14

SMM Comments

SMM Aluminum Market Daily Review (2015-6-4)

On Thursday, SHFE 1508 aluminum contract rebounded to RMB 13,130/mt after opening at RMB 13,100/mt.

Jun 5, 2015 08:54

SMM Comments

SMM Aluminum Market Daily Review (2015-6-2)

On Monday night, SHFE 1508 aluminum contract rose to RMB 13,200/mt after opening at RMB 13,170/mt, and ended the night session at RMB 13,190/mt.

Jun 3, 2015 09:01

SMM Comments

SMM Aluminum Market Daily Review (2015-5-29)

SHFE 1508 aluminum contract hovered narrowly above RMB 13,200/mt last Friday and ended the day at an intraday high of RMB 13,225/mt.

Jun 1, 2015 09:00

SMM Comments

SMM Aluminum Market Daily Review (2015-1-26)

Last Friday night, SHFE 1503 aluminum contract was range-bound after starting at RMB 12,790/mt, and finished the night session at RMB 12,785/mt.

Jan 27, 2015 09:32

SMM Comments

Aluminum Prices in East China Track SHFE Aluminum Down (Jan. 26, 2015)

Spot aluminum largely traded between RMB 12,660-12,670/mt in Shanghai on Monday, discounts of RMB 30-60/mt over SHFE 1502 aluminum contract.

Jan 26, 2015 14:01

SMM Comments

Aluminum Prices in East China Inch Up as Demand Picks Up (Jan. 23, 2015)

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.

Jan 23, 2015 12:06

SMM Comments

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East China Aluminum Prices Rebound as Demand Picks Up (May 29, 2015)

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