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Home / Metal News / East China Aluminum Prices Continue Rising as Demand Improves (Aug. 28, 2015)

East China Aluminum Prices Continue Rising as Demand Improves (Aug. 28, 2015)

Aug 28, 2015 11:53

Source:SMM

SHFE 1509 aluminum rose to RMB 11,890/mt on Friday. Aluminum prices were mainly between RMB 11,800-11,810/mt in Shanghai, discounts of RMB 80-90/mt over September aluminum on the SHFE.

SHANGHAI, Aug. 28 (SMM) – SHFE 1509 aluminum rose to RMB 11,890/mt on Friday. Aluminum prices were mainly between RMB 11,800-11,810/mt in Shanghai, discounts of RMB 80-90/mt over September aluminum on the SHFE, versus RMB 11,800-11,810/mt in Wuxi and RMB 11,790-11,800/mt in Hangzhou. Demand picked up before the weekend. This, combined with rising SHFE aluminum, allowed cargo holders to ask for higher prices.

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