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Home / Metal News / East China Aluminum Prices Extend Losses, Spot Discounts Widen (Jun. 11, 2015)

East China Aluminum Prices Extend Losses, Spot Discounts Widen (Jun. 11, 2015)

Jun 11, 2015 12:13

Source:SMM

Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai on Thursday, discounts of RMB 60-70/mt over SHFE 1506 aluminum contract.

SHANGHAI, Jun. 11 (SMM) –Spot aluminum largely traded between RMB 12,720-12,730/mt in Shanghai on Thursday, discounts of RMB 60-70/mt over SHFE 1506 aluminum contract, versus RMB 12,710-12,720/mt in Wuxi, and RMB 12,740-12,750/mt in Hangzhou. Despite rising LME aluminum, SHFE aluminum fell as shorts entered, triggering pessimism in physical market. Lower prices failed to boost buying, as buyers awaited further price decline.

Shanghai aluminum prices

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In east China spot aluminum market, suppliers released fewer goods into the market, and downstream buying picked up.

Oct 26, 2015 15:50

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SMM Comments

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SMM Comments

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SMM Comments

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On Thursday, SHFE 1507 aluminum contract fell below the 20-day moving average to RMB 13,270/mt due to selloffs at highs.

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SMM Comments

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SMM Comments

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SMM Comments

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SMM Comments

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SMM Comments

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Jan 12, 2015 14:45

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East China Aluminum Prices Extend Losses, Spot Discounts Widen (Jun. 11, 2015)

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