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

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

Price Review & Forecast 11:53:32AM Aug 28, 2015 Source:SMM

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. 



   


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

Price Review & Forecast 11:53:32AM Aug 28, 2015 Source:SMM

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.