East China Aluminum Prices Down Sharply (Aug. 24, 2015)-Shanghai Metals Market

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East China Aluminum Prices Down Sharply (Aug. 24, 2015)

Price Review & Forecast 01:18:26PM Aug 24, 2015 Source:SMM

SHANGHAI, Aug. 24 (SMM) – SHFE 1509 aluminum fell to RMB 11,850/mt on Monday. Aluminum prices were mainly between RMB 11,770-11,790/mt in Shanghai, discounts of RMB 60-80/mt over September aluminum on the SHFE, versus RMB 11,770-11,800/mt in Wuxi and RMB 11,760-11,780/mt in Hangzhou. Processors bought only as needed, while traders hunted for cheap goods.   


 


East China Aluminum Prices Down Sharply (Aug. 24, 2015)

Price Review & Forecast 01:18:26PM Aug 24, 2015 Source:SMM

SHANGHAI, Aug. 24 (SMM) – SHFE 1509 aluminum fell to RMB 11,850/mt on Monday. Aluminum prices were mainly between RMB 11,770-11,790/mt in Shanghai, discounts of RMB 60-80/mt over September aluminum on the SHFE, versus RMB 11,770-11,800/mt in Wuxi and RMB 11,760-11,780/mt in Hangzhou. Processors bought only as needed, while traders hunted for cheap goods.