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Home / Metal News / East China Aluminum Prices Down Over RMB 200/mt (Jul. 8, 2015)

East China Aluminum Prices Down Over RMB 200/mt (Jul. 8, 2015)

Jul 8, 2015 13:20

Source:SMM

The slump in SHFE 1507 aluminum contract prices weighed down spot prices in east China.

SHANGHAI, Jul. 8 (SMM) – The slump in SHFE 1507 aluminum contract prices weighed down spot prices in east China. Spot aluminum largely traded between RMB 12,050-12,070/mt in Shanghai, Wuxi and Hangzhou on Wednesday, discounts of RMB 40-60/mt over SHFE 1507 aluminum contract. The price slump left sellers unwilling to sell. Processors were cautious about buying, wondering if prices would continue falling.

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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East China Aluminum Consumption Improves Before 3-Day Holiday (Sept. 1, 2015)

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SMM Comments

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SMM Comments

SMM Aluminum Market Daily Review (2015-5-14)

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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On Monday night, SHFE 1503 aluminum contract slipped to RMB 12,785/mt after starting at RMB 12,835/mt, and finished the night session at RMB 12,810/mt.

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SMM Comments

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SMM Comments

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East China Aluminum Prices Down Over RMB 200/mt (Jul. 8, 2015)

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