East China Aluminum Sees Slight Deals before Festival (Jun. 19, 2015)

Published: Jun 19, 2015 14:39

Save

Spot aluminum majorly settled at RMB 12,570-12,580/mt Friday in Shanghai, a RMB 80-90/mt discount against SHFE 1507 aluminum.

SHANGHAI, Jun. 19 (SMM) – Spot aluminum majorly settled at RMB 12,570-12,580/mt Friday in Shanghai, a RMB 80-90/mt discount against SHFE 1507 aluminum, versus RMB 12,560-12,580/mt in Wuxi and RMB 12,610-12,630/mt in Hangzhou.

Downstream producers mainly sourced cheap goods as need this morning before the Chinese Dragon Boat Festival from June 20-22. Some cargo holders were keen to sell before the festival and thus lowered some prices, fueling trades for cheap aluminum. Traders followed rising SHFE 1507 aluminum to raise spot prices. However, most buyers have finished purchase and refused the price hike, slowing spot price growth.

East China Aluminum Prices 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 for 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

1 hour ago

Yunnan Tin Kafang Branch to Negotiate Ore Sale on June 17, 2026

[Tungsten Express] SMM June 12 News: The Kafang Branch of Yunnan Tin Co., Ltd. will sell two lots of ore through price negotiation on June 17, 2026. Lot 1: Scheelite concentrates with physical content of approximately 34 mt, grade of 50%, and tungsten metal of 17 mt (subject to final actual delivery quantity); sale time: 14:00, June 17, 2026. Lot 2: Coarse tin concentrate with dry weight of approximately 130 mt, tin grade of 2.3%, tungsten grade of 24%, total metal content of 34.19 mt (of which tin 2.99 mt, tungsten 31.2 mt, subject to final actual delivery quantity), and the pricing elements are tungsten trioxide and tin. Both lots are quoted at a tax-inclusive unit price per metal tonne (tax rate 13%). Price negotiation requires at least three qualified clients. The outcome will be subject to the Kafang Branch’s decision through a deliberation meeting.

1 hour ago

The most-traded SHFE tin contract continued to climb during the night session; spot market trading was lackluster [SMM Tin Morning Update].

[SMM Tin Morning Update: The most-traded SHFE tin contract continued to climb in the night session, the spot market saw muted trading.]

1 hour ago

18 hours ago

Data: SHFE, DCE market movement (Jun 11)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Jun , 2026

18 hours ago